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2011 Economic Forecast: Expect a Modest Recovery

An exclusive summary of the latest MDM Webcast

January 10, 2011
This is an exclusive summary of the MDM Webcast, the 2011 Economic Forecast. The recent webcast provided a forecast for two key distributor end-markets, construction and manufacturing. Growth is expected in both. The webcast is available on DVD at www.mdm.com/2011economicforecast.

For many, this recovery has not felt like what most expected when the recession ended.

“The economy’s grown over the past five quarters, but not at a rate that gives somebody a feeling of a real recovery,” said Don Norman, economist for MAPI/Manufacturers Alliance in the recent MDM Webcast, the 2011 Economic Forecast.

“In fact, the pace of recovery is somewhat of an anomaly. Sharp recessions in the post-World War II period have usually been accompanied by a very sharp recovery. The difference this time is the nature of the cause.

“Namely we had a financial crisis.”

Norman, in his forecast for the manufacturing sector, says he expects a modest recovery in 2011.

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