Sentences with phrase «main driver of economic growth»

The country's banking sector is vulnerable, however, because of its heavy reliance on wholesale funding, Tuvey says, «There have been large deposit withdrawals, and credit growth will remain weak after having been the main driver of economic growth.»

Heavily indebted households can no longer be relied on as the main driver of economic growth.

Not exact matches

The main drivers of the first - half performance were solid growth in the combined New Zealand properties, offset by reduced turnover in the international business, continued competitive and economic pressures in Darwin and a weaker Australian dollar, the company said.

«The continued expansion of world demand, resulting from global population and economic growth and increasing preference for dairy products are expected to be the main drivers, fuelling EU exports and sustaining commodity prices,» said the EC report.

«If we look at consumption of coal, the main drivers are rapid growth in clean energy, slower power demand growth due to shifting economic structure and energy efficiency.