Buoyant Business

Despite the increases in material costs, Steve Mogensen, president of packaging consultant Allied Development Corp., saw positive growth for flexible packaging in 2006 and sees more of the same. “We expect the global economy to continue to do well in 2007,” he says. “The potential for a recession was building during the latter part of 2006, but has resolved into a healthy slowdown without recession. From here, we expect economic growth to pick up and remain positive at least through 2008.”