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Article: PIA adjusts economic/print market forecasts in response to Sept. 11 trade center attacks.
- Article from:
- Printing News
- Article date:
- November 5, 2001
- Author:
CopyrightCOPYRIGHT 2001 Cygnus Business Media. 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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Printing Industries of America (PIA) Inc., Alexandria, Va., surveyed a cross-section of its members soon after the Sept. 11 tragedies in New York City, metropolitan Washington D.C., and western Pennsylvania, and adjusted its economic and print market forecasts for the last two quarters of 2001 and 2002, accordingly.
Based on results of the survey, jointly conducted by PIA's Economic Research and Government Affairs departments and newly released economic data, PIA Chief Economist Dr. Ron Davis surmised that the U.S. economy will be in recession during the third and fourth quarters of 2001, but will be in recovery in early 2002. Print sales will decline for 2001, ...