It comes as little surprise that a decline in business investment, led by a reduction in mining-related engineering construction expenditure, is providing some headwinds to the Australian economy.

This scenario was telegraphed well in advance, so if you are surprised by this, then you must have missed out on all economic and construction-related news for the best part of three years. The key point is – the downturn does get hyped up in the media sometimes. It was…