Article Abstract:
Boating industry executives believe the US economy would have less robust growth in 2001. John Underwood, chairman of the Marine Retailers Assn of America (MRAA) expects the US economy to grow between 5 to 6% but does not see the bottom falling out. MRAA Pres Phil Keeter doubts if the US would suffer a recession but the country may be headed that way if the stock market continues its erratic behavior. On the other hand, Thom Dammrich, president of the National Marine Manufacturers Association, says efforts by Federal Reserve Chmn Alan Greenspan to slow down the US economy is starting to work.
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Article Abstract:
Contrary to the widespread fear that the days of the independent boat builder were over and consolidation was the only answer, small players continue to do well despite the challenges posed by the conglomerates.
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Article Abstract:
The effects of increasing nickel costs on marine equipment manufacturing are analyzed.
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