CARLSBAD, CA — “Yes, the economy will continue to grow,” pronounced Martin Regalia, Ph.D., who spoke at the Gas Appliance Manufacturers Association’s (GAMA’s) 67th annual meeting, held here recently. In fact, Regalia believes that, short term, the economy is poised for a growth rate of more than 3%.
The first quarter of 2002 has shown “solid consumption” among consumers, he said. He added that a second-quarter slowdown is expected.