Where’s the fiscal pulse at?

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From Macquarie:

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 A rotation towards public infrastructure investment is an anticipated swing point in the non-mining economy’s transition. For many reasons, an upswing in public investment is highly anticipated.

 Has the public upswing already arrived? Infrastructure investment by State and Local Governments accounted for 80% of the recent 2Q16 GDP growth outcome – if you take the numbers at face value.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.