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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Even if the economy performs reasonably well over the next two years as measured by real or inflation-adjusted growth, labor markets and unemployment will lag. Unemployment should remain close to 10 percent into early 2010 before declining at a very slow pace.
With the slow pace of economic recovery and lingering excess capacity, inflation should remain in check at least through 2010, but could start to rise in 2011 with the massive increase in bank reserves over the past year.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Ronnie H. Davis
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