Many experts have been saying that Global Growth cannot continue as it has in the past – The City Of Sydney this week were in the news for encouraging people not to buy anything for a month (they should have been educating people to conserve, purchase wisely, about collaborative consumption – but that is a discussion for another day!!) – Things have go to change, there is no doubt.
This from The Economist, “Is it good news or bad news? Commodity prices have been falling sharply in recent weeks—the S&P GSCI index dropped by 13% in May alone, the biggest monthly decline in two years.
That amounts to a tax cut for Western consumers but it may also be a worrying sign that global growth is decelerating”
I posted this on my Retail Miss Fix Iit Facebook Page & Twitter as well and Pete Williams (Chief Edge Officer for Deloitte Centre for the Edge AU) just shared this with me on Twitter:
TED TALK “Geoffrey West on How Growth can continue” click here to view