COMMERCIAL PRINTING - A Soft Landing

"NAPL doesn't forecast the economy, but the consensus of most forecasters is that the economy will be slowing. The question is, how much and how fast?" Papparozzi says.

"Right now, the feeling is that the Greenspan-led Fed is going to achieve a soft landing. That is, a gradual, orderly slowing of GDP (Gross Domestic Product) growth from the 5.2 percent pace we're seeing this year to around 3.3 percent in 2001. The reason people are forecasting a soft landing is because Greenspan started to attack inflation early, before it could become imbedded in the economy, and he is operating on a relatively healthy economy."