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February 16th, 2005
Economics journalist offers predictions for 2005
Touching on topics ranging from the growing U.S. trade deficit to potential terrorist threats to the U.S. financial sector, Baumohl offered his predictions for the American economy in 2005. The national economy will grow in the coming months, he said, but not as quickly as in 2004.
Both consumer spending and business spending will decline, but elements of the technology sector -- including Internet commerce, radio frequency identification (or RFID) tags and nanotechnology -- will grow, he said.
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