2005 COMMERCIAL PRINTING outlook -- A Win-Lose Proposition

"There are a couple of points we make to put all of that good news in perspective," Paparozzi cautions. "But it really is good news."

One of the reality checks the economist says should be put on this good news is that the growth projections for printing are in relation to very depressed business levels. The improvement in sales, pricing stability, profitability, etc., are welcome, long overdue steps in the right direction, but they are just first steps.