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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The official start of the recession was the fourth quarter of 2007, which was the first quarterly decline in real or inflation-adjusted gross domestic product since the end of the 2001 recession. While the economy recovered somewhat in the first and second quarters of 2008, it then went negative for four successive quarters—the first such prolonged decline since the Great Depression. The economy stabilized toward the end of 2009, and the recovery is on track, although it will most likely be very mild.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Ronnie H. Davis
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