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To: John Hunt who wrote (10576)	12/9/1997 11:21:00 AM
From: Cynic 2005	Read Replies (4) \| Respond to of 18056

Tuesday December 9, 11:05 am Eastern Time Impact from Asia crisis on US economy limited-NAPM NEW YORK, Dec 9 (Reuters) - U.S. purchasing executives have little fear of the impact on the U.S. economy stemming from financial crisis in Asia, said Norbert Ore, an official with the National Association of Purchasing Management. Ore, who chairs NAPM's business survey committee, said the organization's membership expected to see a 3.6 percent increase in gross domestic product in 1998 and that problems in Asia should not have more than a 0.5 percentage point impact on the U.S. economy. Ore also said that productivity gains should continue to outstrip inflationary wage pressures. He said challenge for many companies was to reposition in order to maintain market share. He said such industries as paper and textiles have begun to reap the benefits of improved technology. Ore also said, although evidence was mostly annecdotal, labor shortages were mostly concentrated in entry level positions.