But all that slowish progress in cutting debts to more bearable levels has been more than offset - McKinsey says - by a 28 percentage point rise in government indebtedness to 81% of GDP and an 11 percentage point rise in the indebtedness of financial institutions (the City) to 219% of GDP.
From this point of view the rise in oil prices is an inevitable, even desirable, consequence of a booming world economy.
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Looking ahead, 2013 looks even brighter, and a look at the talent pool and hiring trends point to the rise of the startup as a driver of growth.
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Trichet's repeated references to "vigilance" throughout the year are now a barely disguised code for another quarter of a percentage point rise.
The announcement comes as Visa predicts that the number of contactless point-of-sale terminals in the UK will rise by 50% to 150, 000 this year.
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It's earned through innovation and discipline, the traits experts point to when explaining the meteoric rise of Wal-Mart from country store to controversial retailing behemoth.
If it buys government bonds, and if this increases inflationary expectations (the point of the policy), bond yields could rise.
Both presidential candidates are impressive men but neither seems, at this point, to really rise to equal leaders of the past.
As Sir Mervyn went out of his way to point out, this is in no small part because of government policies - notably the rise in tuition fees and administered increases in transport and utility bills - which the central bank could not predict, let alone control.
But take 1963, the year that marked the end of national service and the rise of the Beatles, and you have an interesting cut-off point for comparison.
The most salient point on their assessment of the economic situation was the rise in inflation, which they attributed to higher energy prices.
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More optimistic souls point to the sort of arguments that fuelled the sharp rise in share prices and talk of a new economy in the 1990s.
The prices of euroyen futures indicate a further half-point rise in interest rates next year.
ECONOMIST: The case for keeping interest rates at zero evaporates
This is a point that is often missed in commentary about the rise of the e-book.
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At some point you would probably also see a rise in employment of people who are essentially servants.
It will experience higher revenues due to the Fed program and, more importantly, it will see the value of its troubled housing assets rise to the point where they can be sold at profits relative to their book values.
Despite the three-percentage-point rise, bullish sentiment stayed below its historical average of 39% for the second consecutive week.
The 2.1 percentage point rise represented the fourth consecutive increase in the amount of portfolio dollars allocated to equities.
The bank left the base rate at its all-time low of 0.5% earlier this month, but two of the nine members of its monetary-policy committee backed a quarter-point rise, according to minutes published this week.
Round a curve I scared the hell out of a flock of feral goats, and at one point, came over a rise to see the road just drop off into a slalom down to a mangrove-studded beach.
The rise of cloud computing and social media was the tipping point in the relationship between customers and vendors.
As a female professional before and during the rise of feminism, Dr. Brothers developed a nuanced point of view on the topic.
The energy industry was also quick to point out that much of our economic growth can be directly tied to the rise in domestic energy production.
No such evidence has been provided or produced against Ms Thanou, so the content in point (a) of your letter lacks the legal substance that will give rise to the application of a sanction.
At that point, I could almost hear a cheer rise up from the swollen ranks of the Crusty Laid-off Newspaper Guild, Local 99.
Mr. Sorsby figures the Fed's withdrawal will prompt at least a one-percentage-point rise in mortgage rates, which he fears could squash recent glimmers of more demand for homes.
WSJ: Fed Plan to Stop Buying Mortgages Feeds Recovery Worries
As always, during times of rapid change in an environment, in this case the rise of targeted attacks and state sponsored hacking, there are point products that are the first to provide a response.
One assumes that at some point things get back to normal and revenues begin to rise and the cyclical part of the deficit goes away.
They go further and point to, just as one example of their argument, the way in which population rise could lead to a phase change, a chaotic and of unknown outcome, rapid and irreversible change in our environment.
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