In the industrial countries, expansionary budgets, coupled with low interest rates and elevated asset prices, has led to consumption- or credit-fueled growth, particularly in Anglo-Saxon countries. Government savings have fallen, especially in the United States and Japan, and household savings have virtually disappeared in some countries with housing booms.
不同国家对投资减缓的政策反应各不相同。在工业国家，扩张性预算，加上低利率和资产价格的升高，产生了消费或信贷推动的增长，特别是在讲英语的国家。政府储蓄减少，尤其是在美国和日本，而在某些国家，随着房地产热升温，居民储蓄几乎消失。