“Anemic” Growth Predicted for Metro Economy in 2012

“We quote things 10 different ways—different paper, colors, bindings—to get the price down. It’s difficult.”

That’s Maralyn Dolan’s take on the pricing pressure that her printing company faces in New York City’s stressed economic climate. Dolan, president of Integrated Printing & Graphics in lower Manhattan, is one of a number of metro business leaders quoted in a report by Crain’s New York Business on what 2012 is likely to have in store for the city’s economy.

The article, written by Daniel Massey, begins with the glum assertion, “The New York success story is over.” Its theme is that blows to financial sector will keep overall growth “anemic,” with only modest gains in revenue and employment.

Other sectors, such as tech, healthcare, and tourism, could produce some bright spots. But, the outlook for the metro economy as a whole is expected to be tenuous.

Dolan is quoted as saying that her clients are more focused than ever before on cutting costs. Other sources make similar observations about the hesitancy that has gripped the metro business environment.

Founded in 1999, Integrated Printing & Graphics is a full-service source of design, production, packaging, and mailing and fulfillment services.