India's automobile sector may have been dented by negative sales for two straight years, but the Society of Indian Automobile Manufacturers (SIAM) is hoping to see an uptick in sales this fiscal year.
Economists love motor analogies, and for good reason: they are very useful in illustrating the ebb and flow of economies. In coming months, maybe even years, the help from the auto sector could become a lot more literal, argues Paul Dales, senior U.S. economist at Capital Economics in London. In particular, he expects rising sales following years of depressed consumer spending on vehicles in the wake of the Great Recession could add as much as 0.25 percentage point to U.S. gross domestic product growth per year over the next four years. Here’s why:
from Environment Forum:
A recent trip to bicyle-peppered cities Copenhagen and Amsterdam got me thinking about the pedal possibilities in U.S. cities. Alas, New York, the country's biggest city, has long way to go make biking easier, and that seems true in many other cities in the world's largest motor fuel consumer.