Strategies to Combat Doldrums of Downturn —Michelson

Sohn pulled no punches, describing the current state of the U.S. economy as dismal. He contends the United States entered a recession early this year or late last year, and anticipates GDP growth of only 0.7 percent in 2008. Paparozzi believes the feeble economy will limit commercial printing industry sales growth to 1.5 percent for 2008, and perhaps even cause industry sales to decline for the first time in five years. Davis predicts that a second half rebound may lift industry growth to 1.5 percent for 2008, with printing sales growth recovering to approximately 3 percent next year.