There are two worrying trends in the national accounts that explain why the economy is likely to remain stuck in the slow lane.
First, business investment continues to struggle.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com