Nor should the apparent 0.5 per cent contraction in the economy in the fourth quarter prompt panic.

And it managed to do so without prompting panic in the market.

Social media images showing shelves emptied of lavatory rolls have been partly to blame, according to grocery insiders, for prompting panic buying.

Every one of their set-pieces prompted panic.

However, when the scale of the exposure came to light amid the eurozone debt crisis, it prompted panic, a 'run' on the broker and a downgrade on its credit rating.