Aug 24, 2017 · 1 min read
“This also implies that the UK has had to sustain continued economic growth through other mechanisms outside of its own domestic energy context: in particular, as we know, the expansion of debt.”
No it doesn’t.
The problem outlined above is to do with the growth in the supply side of an economy.
The expansion of debt {whilst it can bring its own problems} affects the ‘demand side’ of an economy. It cannot directly affect the growth in the supply side of an economy.