Semico: Seven predictions for 2011

Monday, 10 January 2011 11:52

Read this week's issue - Jan 10, 2011

SAN JOSE, Calif. - Semico Research Corp. has gazed into its crystal ball. Here are the research firm's seven predictions for 2011:

1. General economic outlook 

Jim Feldhan, president, said: ''Despite what we hear from cable news networks, the world economy is performing better than most people perceive.  China, India and other developing countries have strong growing economies. The U.S. economy will also see improved growth, with GDP approaching 3 percent in 2011.  Japan and the EU continue to be sluggish but will improve in 2011.

One dampening effect to the overall economic growth is the recent rise in oil prices driven mainly by speculators trading oil futures with no intent in taking delivery; they are only pursuing short-term trading profits.  The result is that we will likely see gasoline prices in the four dollar per gallon range in the U.S. market by midyear 2011. This will be one of the main reasons for U.S. GDP to be below 3 percent in 2011.''

Read more in the January 4, 2011 EE Times "Semico: Seven predictions for 2011"

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