borrowed prosperity; false boom; debt-fueled prosperity
Refers to an economic upturn that is not based on real growth but on borrowing, speculation, or temporary factors. Often used critically to describe unsustainable booms.
Experts warn that this boom is nothing more than borrowed prosperity.
The debt-fueled prosperity of the bubble era burst, and a long recession followed.
Standard kanji spelling for this compound.
Mixed kana-kanji spelling sometimes seen.
Compound of 付け (つけ, 'attached' or 'added') and 景気 (けいき, 'economic conditions'), suggesting prosperity that is artificially attached or borrowed rather than inherent.