The private sector is increasing its spending so sharply that the economy is overheating.

私营经济支出急剧地攀升导致经济过热。

《柯林斯英汉双解大词典》

So private sector spending surges anew, fiscal deficits shrink and the economy appears to being going back to normal, at last.

这样一来，私人部门的支出就会重新大幅上升、财政赤字会出现收缩、经济似乎最终也将重返常态。

youdao

Our economy added another 222,000 jobs in the private sector.

我们的私营部门又增加了22万2000个工作。

youdao

The private-sector economy now accounts for more than half of the economy.

FORBES: Screens In His Sights

The evidence has yet to be examined, but the public sector could be crowding out the private sector in that way, and holding back the private sector-led recovery that the economy needs.

BBC: Regional pay: George Osborne's public sector plan dead?

But if sky-high private-sector debt is holding the economy back, what is the solution?

WSJ: Osborne Is Losing His Allies on All Sides