"pillar of growth" is a correct and commonly used phrase in written English.
It refers to a fundamental or essential element that contributes to the overall growth or development of something. Example: "Education is often seen as a pillar of growth for a country, as it provides individuals with the knowledge and skills necessary to drive economic, social, and cultural progress."
The focus on exports comes with relatively low domestic demand – Germany, hence, is relying too much on one pillar of growth.
The tightening has caused some concern that China's economy could slow down more rapidly than intended, thus weakening what has become a critical pillar of growth for the entire world.
Manufacturing has been identified as a key pillar of growth in many Southeast Asian (ASEAN) economies.
First, we needed to fundamentally change our ability to leverage technology as a pillar of growth.
While our systems are antiquated (and our sites reflect that with outdated user experiences), we're genuinely excited to work with Mozu and Echidna to help build a differentiated customer experience and transform technology from a burden into a pillar of growth.
"Take agriculture for instance: it's one of the pillars of growth in the PSE scheme, but before kick-starting this sector, far-reaching land reform is needed.
First, we've let our five basic pillars of growth erode since the end of the cold war — education, infrastructure, immigration of high-I.Q.
"Therefore you have to look at the construction of the company and ask, 'Why is the company built like this?' " Mr. Bewkes (pronounced BEW-kess) has outlined his so-called three pillars of growth for the company: increasing revenue from digitizing content; expanding internationally; and broadening the appeal of Time Warner content to attract a more diverse audience.
Our challenge now, therefore, is to deleverage the economy as fast as possible, while, at the same time, getting back to investing as much as possible in our real pillars of growth so our recovery is built on sustainable businesses and real jobs and not just on another round of credit injections.
Thanks to resilience in Australia's twin pillars of growth, exports and domestic demand, expenditure GDP growth turned positive in Q1 2009.
The Chinese pattern of rapid growth with structural change has been accompanied by rising economic imbalances, just as the main pillars of growth seem to be gradually weakening.
