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| Author: | Byrnes, N. |
| Title: | Is this the end of the glory days? |
| Journal: | Business Week
1998 : MAR 2, VOL. 3551:881, p. 52-54 |
| Index terms: | LABOUR MARKETS PAY GROWTH |
| Language: | eng |
| Abstract: | Economists said it couldn't last. CEOs prayed it would. But in 1997 the inevitable finally happened: Corporate America's breakneck earnings growth began to falter. Although annual sales rose 9% for the 900 companies on Business Week's Corporate Scoreboard - equal to the gain in 1996 - net income for the year was up just 9%. That marked a significant drop from the 14% earnings growth seen in 1996. Moreover, the consensus of economists is that 1998 earnings will grow at about half this year's rate. |
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