COMMERCIAL PRINTING OUTLOOK — PRINTING WORK TO RUN SHORT

Looking at the Numbers

Even the more optimistic number is still down significantly from the projection for 2006, which is going to come in at about 3.3 percent growth in GDP, Vincenzino notes.

“Consumers can’t continue spending the way they have mainly because they’ve been using home equity loans to fund their buying, and that source is going to dry up somewhat,” cautions the economist. “Also, the savings rate has been negative for almost a year now. We think it’s going to at least come back to zero; that will have a large impact on consumer spending.”