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Article: Business recovery on track but disappointing to some.(Economic View)
- Article from:
- Paperboard Packaging
- Article date:
- March 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Questex Media Group, Inc. 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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Economic indicators remain favorable--the Timer continues positive and the business improvement is spreading to intermediate materials, including packaging. Consumer confidence is still high although continuing concern over the job market remains. This is a year of national elections and politicians will play to this concern.
Real GDP
Real GDP in the fourth quarter rose at half the torrid pace of the third. Growth of 4 percent (annual rate) is generally accepted as good performance but there is fear that consumers are retrenching. This fear ignores the fact that individuals--and businesses--will receive tax refunds in the first half of this year and this ...