Retail In a year of modest growth, the greatest advantage goes to retailers that "supersize or specialize." E-commerce will continue to be important as consumers shop online with greater frequency.
Construction Although slower than 2004, steady growth is expected for 2005, fueled in part by nonresidential building and the demand for multifamily complexes.
Finance Mortgage lending and refinancing are expected to slow, but Hispanic-owned businesses may see more attention from financial institutions focusing on small and mid-size companies.
Service Global outsourcing means fewer jobs and greater responsibilities for service providers, but "insourcing" could create new opportunities.
Transportation Higher shipping rates are in the forecast as demand for freight exceeds capacity, giving trucking companies a powerful advantage.
Wholesale In this changing market, distributors are trying new ways to stay relevant as technology encourages lower-cost competition.
|U.S. ECONOMIC FORECASTS|
|For a comprehensive overview of this year's projected economic outlook, Hispanic Business reviewed the forecasts of three respected sources: the Federal Reserve Bank's Survey of Professional Forecasters, the Congressional Budget Office, and The Economist.|
|Congressional Budget Office||"Survey of Professional Forecasters"||The
|Real GDP growth||4.5%||4.1%||4.4%||3.5%||4.4%||3.5%|
|3-month Treasury bill||1.3%||2.6%||1.3%||2.7%|
|10-year Treasury note||4.6%||5.4%||4.3%||4.8%|
(as % of GDP)