COMMERCIAL PRINTING Outlook -- Shadows Cast on 2006

Through the first half of 2005, Davis says the likely scenario seemed to be that the economy would stay on course for continued growth at a rate ranging from 3 to 4 percent through the remainder of 2005 and into 2006. However, developments in the latter part of the year have set up the potential for three different scenarios to unfold, the economist suggests. Clearly inspired by 1960s westerns, he labels these projections "the good, the bad and the ugly."