Tuesday, January 13, 2009

What is going to drive the growth?

Most of the world governments have declared stimulus packages for the banking industry so that they will have more credit and liquidity. But where will the banks invest all this money to drive the next generation of growth.
If we look at U.S most of their industries are struggling, they have very few manufacturing industry, services industry are also being outsourced or are facing talent shortages, retail industry also had a bad holiday season. Before the mortgage crises it was the housing or the real estate industry which was driving the growth but now with that industry in complete shackles what is going to drive the next phase of growth.

I have no clue.

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