Many are growing nicely on the back of rising domestic demand and regional trade links.
Its economies have grown faster on the back of rising private consumption by a burgeoning middle class.
Inflation pressures remained subdued, but were building on the back of rising costs while labour costs growth was restrained.
"The previous model of high growth on the back of rising oil prices and utilization of spare capacity cannot be replicated".
But much of the industry's rapid growth in the past decade came from middle-class people, often buying on credit or on the back of rising house prices.
Borrowers Levels of unsecured borrowing on credit cards, personal loans and overdrafts have been booming on the back of rising consumer confidence.
The Bank of England is clearly worried that the economic recovery is based on consumers borrowing on the back of rising house prices rather than business investment and rising exports.
The growth was also fueled by soaring demand for debt on the back of rising real estate prices and relatively low interest rates in the late 1990s and early 2000s.
The company's share price closed up more than 6% at £15.26, as commodity companies rallied on the back of rising oil prices.
