When it comes to The Great Recession, there are plenty of cities that are recovering nicely from the economic slump and those that have completely missed the boat.
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The nation’s economic woes boil down to this. Compared with a healthy economy, about 7 million working-age people and 5 percent of the nation’s industrial capacity are sitting idle, not producing what they could. The economy is growing again, but at a rate — less than 2 percent in recent months — that’s too slow to keep up with a population that keeps increasing and workers who keep getting more efficient.
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Change in American employment after end of recessions.
Fears that the recovery of America's economy after the financial crisis would fail to spur an increase in employment are being realised. In July, 52,000 fewer people were employed on non-farm payrolls than in July 2009, the month in which it is estimated the American economy climbed out of recession.via www.economist.com
While China cannot maintain its level of growth without a global recovery, it is still poised to become the most important economy in the world, surpassing the U.S. in its share of the global GDP sometime around 2020.
via www.kiplinger.com