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Business investment includes business spending on assets and new housing construction. Investments in technology and software has turned upwards but investment in new housing construction is at a 50 year low. Although new housing investment is only 2.2% of GDP it is very important for two reasons. It drags spending on things to fill a house with appliances, furnishings etc. and growth in new housing construction has been the key component of GDP growth in recovery from recession.
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