A leading research body is questioning the upbeat economic forecasts of Treasury, the Reserve Bank and others and wonders where all the growth is supposed to come from.
The government and the central bank are confident of a strong rebound in the economy after the effects of this summer's natural disasters have dissipated.
But the Melbourne Institute is not convinced and says its forecasts are on the lower side, and it's hard to see where robust growth could come from.
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The institute is forecasting an uneven growth path ahead with the March quarter to grow by just 0.3 per cent in the wake of this summer's floods followed by two quarters 0.8 per cent growth in June and September leaving annual growth at only 2.4 per cent by end September.
