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Since the global financial crisis of 2008, monetary policy has borne much of the burden of sustaining aggregate demand, boosting growth and preventing deflation in developed economies.
In Germany, the private sector had the best month in February since June 2011, with strong demand boosting job creation in Europe's largest economy and allowing firms to raise prices.
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Package holidays are back in vogue, according to Tui Travel, as strong demand boosted underlying profits to record levels.
Housebuilders were also in demand, boosted by hopes of further home construction to ease the housing shortage.
Paul Everitt, the SMMT's chief executive, said: "We are seeing a steady increase in consumer confidence with growth in private demand, boosted by the arrival of a raft of new products".
The company said profits had jumped 92% to £91.2m, with a 14% rise in the average selling price to £300,000, with demand boosted by continuing low interest rates and stamp duty changes.
In China, positive reports from the U.S. and the Dow's subsequent rally, coupled with upbeat data from technology companies in the region on Asian demand, boosted confidence.
The private informal sector was also reported to have its own unregulated supply chains with demand boosted by self-medication, a common practice, particularly among the urban poor.
He is telling the troika not to push too hard lest its demands boost the radical left-wing Syriza party, which leads the opinion polls.
They rule out trying to cut unemployment by giving the economy a Keynesian demand boost.
Faced by the continued slowdown, he has in essence shifted his emphasis in the past few months away from focusing on deficit reduction to a Keynesian demand boost.
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