Consumer-centric Economy

McKinsey Global Institute on their latest article argued that:
“A more consumer-centric economy would allocate capital and resources more efficiently, generate more jobs, and spread the benefits of growth more equitably. It would also even grow more rapidly.”

This argument was derived from China economy experience. The global recession has made China’s export plunged, factories closed, and million of Chinese migrants lost their jobs.

The Global Recession Map

This might be a little late information, but here it is. Economist released a map of the global recession. From the map we can know which country is in recession, at risk, or expanding. Luckily, Indonesia is at expanding category country following India and China for the Asia region.

Financial Sector vs Real Sector

Does the financial sector performance reflected the real sector condition?

Based on IDX monthly data as of July 2009, Mining industry has the largest trading value, followed by Finance, and Infrastructure industry.