There’s an article in Tuesday’s Wall Street Journal titled “
The Economic Recovery: Fast, Slow or Neither,” claiming that we’re pulling out of the economic slump, and giving various predictions on whether the economy will rebound slowly, quickly, or spike and return to a slump.
Another really interesting article in The Guardian lists “
Winners and losers in the global recession,” based on a breakdown of GDP numbers for key countries. According to the figures the US is in recession but leveling out and the UK is still in recession and facing a slow recovery. Japan is still in recession and looking forward to one percent growth in the second quarter, which would be its first expansion in five quarters. Germany and France are out of recession, The Guardian concludes, and Australia stayed out of it completely.
What I find most fascinating, based on the theme I seem to have developed in this blog of growth in established and emerging markets, is that China and India are both expanding dramatically. China’s GDP grew 7.9 percent, up from 6.1 percent in the first quarter. India’s rate of growth has slowed a bit, but it’s still looking at 8 percent growth this year, making it one of the fastest-growing economies in the world.
We’re coming out of a trough. We’re headed in the right direction. What do we do differently?
That’s the real question. What do we do differently? It’s one thing to be more efficient doing what we’ve always done, but this market is different. We need to look at what new businesses we should be in – in addition to concentrating on our core. The sooner we recognize the world has changed, the sooner we are likely to be able to see outside our traditional walls.
Jim Davis, Senior Vice President and Chief Marketing Officer for SAS, is responsible for providing strategic direction for SAS products, solutions and services and presenting the SAS brand worldwide. Additionally, he oversees a number of operational units including Publications, Education, and Alliances and Channels. In this blog he writes about the larger issues that affect a global business, and what it takes to be competitive in the 21st century. Read more about Jim.
