An economic forecaster is predicting a slowdown in the ACT economy over the next few years.
The December quarter Business Outlook by Deloitte Access Economics says the Territory's economy has been dodging bullets left, right and centre.
Most recently Canberra has avoided fiscal pain with the Federal Government's decision to delay the return to surplus.
The report says recent interest rate cuts have also helped free up spending in the mortgage belt and boost the retail sector.
But while the momentum is good, the report says growth in the economy will be hampered this year by the increased public service efficiency dividend and a slowdown in housing construction.
The report says while the rest of the country can expect a recovery in housing construction this year, the ACT should expect the opposite.