Productivity push: companies aim to increase profits without new hires.

Summary


Economic Outlook 2004--Starting Over

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Extract


Productivity push: companies aim to increase profits without new hires.

Is the wait finally over?

After several years of sluggish growth and stock market doldrums, terrorist scares and corporate scandals, the economy appears to be on the verge of real growth.

Though 2003 began with the war in Iraq and mixed economic signals, the second half of the year witnessed a solid rebound in stock prices, productivity and corporate earnings.

Market watchers are giddy about a ...

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