WASHINGTON - The National Association of Manufacturers (NAM) has released its annual economic forecast, which projects that gross domestic product (GDP) will increase a healthy 4 percent in 2004.
"After edging up only 1.4 percent in 2003, we expect manufacturing production will increase by over 6 percent in 2004," stated Jerry Jasinowski, president of NAM, "the fastest pace since 1999. Manufacturing will not be a drag on the economy in 2004."