rebond de l\'endettement privé

English translation: resurgence in consumer debt

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:rebond de l\'endettement privé
English translation:resurgence in consumer debt
Entered by: Una D.

07:26 Apr 26, 2017
French to English translations [PRO]
Bus/Financial - Finance (general) / Debt
French term or phrase: rebond de l\'endettement privé
Context: a text concerning the European Monetary Union, how well it has dealt with the financial crisis, and its future prospects. This section compares its situation to that of the US.

Paragraph: "Sur la période récente,[...] l’écart de croissance entre la zone euro et les États-Unis est en grande partie expliqué par des facteurs qui ne sont pas directement imputables au fonctionnement de l’UEM : un rebond aux États-Unis de l’endettement privé et partant de la consommation des ménages puis de l’investissement des entreprises, après un désendettement plus brutal qu’en zone euro; [...]"

Would anyone be able to suggest the correct term in English for "rebond de l'endettement privé"? I'm not sure whether we would use something like rebound/recovery in this context.

Thanks for your help!
Una D.
France
Local time: 12:38
increase/upturn in consumer debt
Explanation:
About 65,900 results (0.58 seconds)
Search Results
Consumer borrowing shows biggest increase for a decade | Money ...
https://www.theguardian.com › Money › Borrowing & debt
29 Feb 2016 - “However, the current increase in consumer debt combined with interest rate rises over the years ahead will lead to rising debt defaults as we ...
Consumer Debt Statistics - Money-zine.com
www.money-zine.com/financial-planning/debt.../consumer-debt...
Increase in Consumer Debt over Time. This next chart normalizes debt for the growth in the United States population. The graph below shows the total consumer ...
Consumer debt | Economics Help
www.economicshelp.org › Economics help blog › Glossary Terms
28 Nov 2012 - ... house prices encouraging home-owners to take out debt. More detail: What causes an increase in consumer debt? This entry was posted in .
Economics Essays: What causes an increase in consumer debt.
econ.economicshelp.org/2007/06/what-causes-increase-in-consumer-debt.html
7 Jun 2007 - What causes an increase in consumer debt. Lower Real interest rates. Low interest rates mean that loans are more attractive; therefore, ...

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Note added at 8 hrs (2017-04-26 16:02:31 GMT)
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OR

upsurge

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Note added at 8 hrs (2017-04-26 16:04:24 GMT)
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OR

resurgence
Selected response from:

AllegroTrans
United Kingdom
Local time: 11:38
Grading comment
Thanks for all the input, I went with resurgence in the end.
4 KudoZ points were awarded for this answer



Summary of answers provided
4upturn in private debt
Rob Grayson
4private debt rebound
Francois Boye
3increase in private indebtedness/debt
Ana Vozone
4 -1Recovery of/in private debt
nweatherdon
3increase/upturn in consumer debt
AllegroTrans
Summary of reference entries provided
rebound
Maria Rigli

  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
upturn in private debt


Explanation:
"Rebond" can also sometimes be appropriately translated "recovery".

Rob Grayson
United Kingdom
Local time: 11:38
Specializes in field
Native speaker of: English
PRO pts in category: 805
Notes to answerer
Asker: Thanks, all the comments were useful to me, in the end I went with "resurgence".


Peer comments on this answer (and responses from the answerer)
neutral  Nikki Scott-Despaigne: Although "upturn" is often good for "rebond", it generally suggests something postive, yet private debt is not generally considered to be a good thing.//Quite right, although the choice of "borrowing" rather than debt adds to the positive slant.
16 mins
  -> I hear you, but it's not that black and white: an upturn in private sector borrowing can be a good thing if it is indicative of increased consumer confidence – as, I believe, is the case here.
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
increase in private indebtedness/debt


Explanation:
Suggestion.

https://www.google.pt/?gfe_rd=cr&ei=f1oAWZu3O-is8weTkqfQDA#q...

Example sentence(s):
  • The low profitability of firms also weighs on their deleveraging capacity and therefore contributes to the increase in private indebtedness.
  • n the "affluent society" led to a rapid decline in public debt burden, with only a partly compensating increase in private indebtedness.
Ana Vozone
Local time: 11:38
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 48
Notes to answerer
Asker: Thanks, all the comments were useful to me, in the end I went with "resurgence".

Asker: Thanks, all the comments were useful to me, in the end I went with "resurgence".


Peer comments on this answer (and responses from the answerer)
agree  Nikki Scott-Despaigne: private debt or (private debt levels)
10 mins
  -> Thank you, Nikki!

neutral  mrrafe: Rebound and indebtedness both are appropriate, and closer to the meaning and tone of the original than upturn and debt.
24 mins
  -> I do not understand your "neutral", sorry!

disagree  nweatherdon: It is not an increase per se. It is an increase after previously poor conditions. Hence, "rebond" and not "augmenter" or something.
6 hrs
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
private debt rebound


Explanation:
https://www.bing.com/search?q=rebound in private debt&form=E...

Francois Boye
United States
Local time: 07:38
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 305
Notes to answerer
Asker: Thanks, all the comments were useful to me, in the end I went with "resurgence".

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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Recovery of/in private debt


Explanation:
a) The "recovery" or "rebound" aspect is needed in the communication. It is not just rising, but it's rising after having previously fallen (or at least weakened a lot), which is inclusive of "recovery" or "rebound".

b) "private debt" - this includes the entire economy outside of government, and thus excludes things like municipal debts and federal debts or debts or federally owned crown corporations - and DOES include things like corporate debt and all other forms of private debt in addition to consumer debt per se.

Substantively similar to the entry of Francois, but I think sufficiently different to warrant making a separate entry on the basis of additionally preferring a different phrasing. Also, making an additional entry enables to make some additional comment all in the same space.

On the matter of whether increased private debt is a good thing or not, this really depends. If taken as an indicator of confidence in future economic states which leads companies to take on debt in order to invest in productive activities, or if the cause is that households are increasing debt due to similar confidence in future economic situation (and NOT because they lost income and must take debt to pay bills) ... all of these are reasons that debt can be described as a positive "recovery".

Notice, for example, that it describes "désendettement plus brutal", which reflects reduced investment and stagnation which may follow paydowns of debt which may occur due to creditor requirements which prevent making productive investments (maybe a 100 million dollar factory line, or maybe refraining from the more expensive dishwasher that would have saved you time).

It doesn't make sense from a household perspective. Unless, say, someone tries to tell you that you got ahead by dropping out of university in order to not increase debt and to pay some of it off, whereas you may have done better to increase debt faster and have a higher productivity potential in the future which would leave you better off overall. So ... actually, is DOES make sense at the household perspective, unless you choose poor examples.

nweatherdon
Canada
Specializes in field
Native speaker of: English
PRO pts in category: 126
Notes to answerer
Asker: Thanks, all the comments were useful to me, in the end I went with "resurgence".


Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: "recovery" does not convey the idea of increase and/or rising after previously falling; "recovery" on the contrary implies collection of debts (cf. debt recovery)
1 hr
  -> The context is economy-wide macroeconomic variables, not financial recovery of/from some particular economic actor.
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
increase/upturn in consumer debt


Explanation:
About 65,900 results (0.58 seconds)
Search Results
Consumer borrowing shows biggest increase for a decade | Money ...
https://www.theguardian.com › Money › Borrowing & debt
29 Feb 2016 - “However, the current increase in consumer debt combined with interest rate rises over the years ahead will lead to rising debt defaults as we ...
Consumer Debt Statistics - Money-zine.com
www.money-zine.com/financial-planning/debt.../consumer-debt...
Increase in Consumer Debt over Time. This next chart normalizes debt for the growth in the United States population. The graph below shows the total consumer ...
Consumer debt | Economics Help
www.economicshelp.org › Economics help blog › Glossary Terms
28 Nov 2012 - ... house prices encouraging home-owners to take out debt. More detail: What causes an increase in consumer debt? This entry was posted in .
Economics Essays: What causes an increase in consumer debt.
econ.economicshelp.org/2007/06/what-causes-increase-in-consumer-debt.html
7 Jun 2007 - What causes an increase in consumer debt. Lower Real interest rates. Low interest rates mean that loans are more attractive; therefore, ...

--------------------------------------------------
Note added at 8 hrs (2017-04-26 16:02:31 GMT)
--------------------------------------------------



OR

upsurge

--------------------------------------------------
Note added at 8 hrs (2017-04-26 16:04:24 GMT)
--------------------------------------------------

OR

resurgence

AllegroTrans
United Kingdom
Local time: 11:38
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 267
Grading comment
Thanks for all the input, I went with resurgence in the end.

Peer comments on this answer (and responses from the answerer)
disagree  nweatherdon: It is not an increase per se. It is an increase after previously poor conditions. Hence, "rebond" and not "augmenter" or something.
4 hrs
  -> do you mean "rebound"? "rebond" is when you glue something back together

agree  Ana Vozone
5 hrs
  -> thank you
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Reference comments


1 hr peer agreement (net): +3
Reference: rebound

Reference information:
see the links


    Reference: http://www.reuters.com/article/idUSSeekingAlpha4008635201609...
    https://books.google.gr/books?id=Sv4QesxXw04C&pg=PA96&lpg=PA96&dq=rebound+debt+private&source=bl&ots=6CB8_penJq&sig=9H8xzvM3aK88nZOb6iI3JvXX
Maria Rigli
Greece
Works in field
Native speaker of: Native in GreekGreek

Peer comments on this reference comment (and responses from the reference poster)
agree  Nikki Scott-Despaigne: Initially, I was not crazy about "rebound". Now I am coming round to thinking it would be a good solution.
5 hrs
agree  AllegroTrans: 'resurgence' may be slightly more apt
6 hrs
agree  nweatherdon: 'resurgence' as suggest by AllegroTrans would play well with the "animal spirits" sort of hypotheses in explaining why economic fluctuations are often larger than make sense ...
6 hrs
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