In a new paper, with the racy title Debt and Deleveraging: uneven progress on the path to growth, McKinsey asserts that the task of reducing the indebtedness of consumer-led economies such as the UK and Spain is barely underway (and see my earlier post, UK's debts biggest in the world, for more on this).
But even if they attain a measure of success, few outsiders think new stores, no matter how well-conceived, will get Apple back on the hot-growth path.