Word: shrink
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...government to change protectionist laws so they can set up wholly owned chains. The opportunities are immense. The McKinsey Global Institute, a think tank, estimates India's retail market will be worth $1.52 trillion by 2025, up from $370 billion in 2005. Though the relative importance of comestibles will shrink as people earn more disposable income, McKinsey estimates the food-and-beverage category will still account for 25% of all retail spending in 20 years...
...consistently for the past five years, according to United Nations data. This economic predicament is complicated by flagging demographics. Younger Singaporeans-the most productive workers-are increasingly seeking employment overseas, while the ones who remain are having fewer children. At the current birth rate, the population will begin to shrink in 2020. And that portends stagnating economic growth and a declining standard of living...
...cast this week's summit as an intellectual exercise, the main issue confronting them is by no means academic. China's trade surplus with the rest of the world is now at a projected $400 billion, and there is no sign that it is going to shrink anytime soon. The surplus this year will be well above 10 percent of China's total economy, a level more typical of a small Persian Gulf oil exporter than the third largest trading nation in the world...
...Tigris. When it's finished this fall, the new compound will be the largest embassy ever built. Nearly all U.S. personnel will move out of the Saddam-era Republican Palace and a nearby warren of temporary trailers, where they currently live. In making the move, the U.S. aims to shrink its massive security cordon and hand the marble-floored halls of the palace back to the Iraqis...
...clustered in sites never before considered for hotels. "It's a very flexible product," says Russell Kett, managing director of hotel consultants HVS in London. The Gatwick Yotel is being crammed into a previously unused basement of the airport's South Terminal. The squeeze on space helps to shrink prices: rates are $107 for a standard room and $156 for a slightly larger cabin. While those charges are less than the London average, it's arguable they're still somewhere north of Cheapside. But Woodroffe claims he's giving folks a lot of luxury at those prices, just...