State of the Industry: Print and Packaging
Printing Industries of America’s Ronnie H. Davis, Ph.D., vice president and chief economist, and Edward Gleeson, manager of economic and market research, provide an overview of the economy as it relates to general and package printing.
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Our current view is that once the data is analyzed, the 2007/2009 recession will be found to have officially ended in the third or fourth quarter of 2009, so 2010 and 2011 should be recovery years. While there is some fear of a "W" recession pattern (double-dip) with another quarter or two of decline, at this time, our outlook is for continued growth, but at a lower-than-typical pace. Also, other important economic metrics, such as unemployment and consumer and business confidence, will remain weak.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Ronnie H. Davis
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