GDP October to December last year “lack of strength” private forecasts. Household budgets are under pressure due to high prices, and consumption of food and services such as travel is believed to have been sluggish.
There is an increasing view that corporate capital investment will only grow at a modest pace due to factors such as rising material prices and labor shortages. As the government aims to achieve economic growth through high wage increases and active investment, attention will be focused on trends in personal consumption and capital investment.