Word: growth
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...taken part-time jobs and those who have given up looking for work, is even higher, at about 18%, notes Davidowitz. "We're not adding jobs, we're losing jobs," he says. Davidowitz is predicting a double-dip recession, and if that happens, he sees little improvement in job growth, the credit markets or consumer confidence in 2010. "I don't see any increase [in retail sales] this year. However, he expects value retailers, such as Walmart, Kohl's, Target, TJX, Ross and Costco, as well as certain specialty stores, such as Bed, Bath & Beyond and Urban Outfitters...
...however, India may finally have one up on its high-octane rival. Though India still can't compete on top-line economic growth - the World Bank projects India's gross domestic product (GDP) will increase 6.4% in 2009, far short of the 8.7% that China announced in mid-January - India's economy looks to be rebounding from the downturn in better shape than China's. India doesn't appear to be facing the same degree of potential dangers and downside risks as China, which means policymakers in New Delhi might have a much easier task in maintaining the economy...
...infrastructure of New Delhi and Mumbai. And as the global economy emerges from the Great Recession, India once again seems to be playing second fiddle. Pundits around the world laud China's leadership for its well-devised economic policies during the crisis, which were so effective in restarting economic growth that they helped lift the entire Asian region out of the downturn. (Read "Amid Recovery, China's Property Market Soars...
...India's edge is due to the different stimulus programs adopted by the two countries to support growth during the downturn. China implemented what Walker calls "the biggest stimulus program in global history." On top of government outlays for new infrastructure and tax breaks, Beijing most significantly counted on massive credit growth to spur the economy. The amount of new loans made in 2009 nearly doubled from the year before to $1.4 trillion - representing almost 30% of GDP. The stimulus plan worked wonders, holding up growth even as China's exports dropped...
...emphasis on safety and on the environment." Nevertheless, Toyota faces significant challenges from both Volkswagen AG and a re-emergent General Motors Corp. as it struggles to keep its standing as the world's top automaker. Both Volkswagen and GM are in a better position to cash in on growth in key emerging markets such as Brazil, Russia, India and China, according to a new study by the Boston Consulting Group. (See pictures of American muscle cars in movies...