We are a far cry from the 4,8 average growth rate seen in the five years prior to the global recession, or even from the growth rate that prevailed in its immediate aftermath, when it averaged 2,8 per cent between 2010 and 2012.
For example, if a line has a value of 80 at some date before or after the business cycle peak, it means that the level of the category of lending that the line represents is 20 percent below the level of lending at the business cycle peak.