So not a recovery fuelled by debt, but a recovery fuelled by a lower savings ratio.
The growth surge was fuelled by debt, particularly among firms, and especially in construction.
Household debt is getting worse predominantly among the lowest paid, despite claims by George Osborne that the UK's economic recovery is not fuelled by debt.
It has to be acknowledged that this is a "recovery" fuelled by debt – and frankly, if we are borrowing over £600bn over the course of five years, you would expect some growth on the back of that.
Over the past 18 months office blocks and shops and the like have lost more than 30% of their value.Both these booms were fuelled by debt, another reason why Britain looks particularly vulnerable now.
The fate of Iceland's economy is seen as a warning for the rest of the world, after a long boom fuelled by debt, a dependence on its banking industry, and a buoyant housing market.
"I think it is wishful thinking by the regulator that the decline is solely the fault of short selling, more a reflection of an overvalued stock market that has been fuelled by debt and speculation," said Jake Robbins, a fund manager at Premier Asset Management.
We need to put money into ordinary people's pockets, rather than fuelling rising debt for the many and speculative bubbles for the few.
With cuts to the prison service resulting in dangerously low staff numbers, more drugs – most worryingly, Spice – are getting into prison than ever before, fuelling violence, debt, bullying and near daily medical emergencies, creating an environment detrimental to mental health and rehabilitation, and putting both prisoners and staff at risk.
The private-equity boom was fuelled by cheap debt.
