Look for a pronounced slowdown in economic growth in 1998. That's the prediction presented by Reed Elsevier Business Economics (formerly Cahners Economics) in its "Economics Outlook for 1998." The report sees GDP rising by an inflation-adjusted 2.3% in 1998 from the heady 3.7% 1997 level. Moreover, interest rates should be somewhat higher this year, as the Federal Reserve Board "pursues a marginally tighter monetary policy." Three major trends bear watching during 1998, the report warns. All will have some moderating influence on the U.S. economy's growth potential: a pronounced slowdown in the growth rate of business investment spending; high levels of consumer debt, particularly installment debt; and an uptick in inflation brought about by increased average wage demands resulting from historically low levels of unemployment. On the industrial front, Reed Elsevier expects only moderate growth in 1998. Output gains will increase 3.4%, with capacity utilization declining modestly to 82.7% (from 1997's average of about 83%). U.S.-based international trade should continue to make an important contribution to the overall growth in GDP, say the Reed Elsevier economists, expanding by a solid 8.3% this year. To obtain a copy of the report, phone (800) 662-7776.
With major product releases coming from big names like Sony, Microsoft, and Samsung, and big investments by companies like Facebook, 2015 could be the year that virtual reality (VR) and augmented reality (AR) finally pop. Here's take a look back at some of the technologies that got us here (for better and worse).
Good engineering designs are those that work in the real world; bad designs are those that don’t. If we agree to set our egos aside and let the real world be our guide, we can resolve nearly any disagreement.
The Industrial Internet of Things is bringing a previously reluctant process industry into the wireless fold. The ability to connect smart sensors to the Internet has spiked the demand for wireless devices in process manufacturing, according to the new study from ARC Advisory Group.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.