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Article: Population, Pharmaceutical Industry Expected To Protect New Jersey Economy.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 20, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. 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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By Lilo H. Stainton, Asbury Park Press, N.J. Knight Ridder/Tribune Business News
Jul. 20--NEW BRUNSWICK, N.J.--New Jersey's economy will grow at a "snail's pace" over the next few years, but a large population of wealthy baby boomers and a strong pharmaceutical industry provide some insurance for the state, said researchers at a Rutgers University conference yesterday.
"After the rapid job growth in the last four years, we're going to see things slow down" through 2002, said Nancy H. Mantell, director of Rutgers Economic Advisory Service, who presented an economic forecast through 2006. "It means people can't expect to lose a job and find another in ...