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Article: PIA reports on print market outlook: according to the PIA, there should be 3 percent growth in the print market, which will raise overall printing shipments to $171.5 billion in 2003.(at a glance)
- Article from:
- Ink World
- Article date:
- September 1, 2003
CopyrightCOPYRIGHT 2003 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to data from Printing Industries of America (PIA), the 2003 economy should perform close to the long-term trend with real or inflation adjusted growth of approximately 3.5 percent. Expectations for inflation, labor markets and interest rates include:
* Inflation--should continue to check with the GDP deflator up 2 percent from last year. The CPI will probably grow by just above 2 percent.
* Labor Markets--With the economy growing, the unemployment rate will eventually tighten up. However, unemployment is a lagging indicator and the unemployment rate will hover around 1 percent before turning down later this year. For 2003, the unemployment rate ...