If private-sector construction continues to falter, it will become harder and harder to disguise
The latest construction figures show a slight bump in the economy in the September quarter that could see a slightly lower than expected GDP growth when the latest figures are released next month. But while there is some slowing of construction, what the figures highlight is how important the public sector has been over the past two years in keeping the economy growing.
One of my favourite paradoxes in regard to conservative politicians is their strongly held belief that the private sector, not the public sector, creates jobs; and yet, whenever there is the announcement of some new public infrastructure project, they will clamour over themselves in high-vis vests to proclaim how many jobs it will create.
Continue reading...from The Guardian https://ift.tt/2TZnWVA
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