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The Recession List - Top 10 Industries to Fly and Flop in 2008
Date:3/19/2008

or growth, together with growth in North American and global mining production and exploration activity.

Forecast Favors Environmental Consulting Services

The fact that more and more construction, agriculture, and scientific companies are employing environmental consultancies is great news for the industry which can expect growth in the vicinity of 9.7 percent this year, amidst mounting public concern over environmental degradation and climate change. And while some companies are of course genuinely motivated by concern for the environment, for others, hiring consultants to appear to be "going green" has proven to be a useful marketing tool.

Growing government funding into renewable energy and technologies producing low emissions is also helping growth, as organizations investing in research and development in these areas are often major employers of environmental consultants.

Sub-Prime Crisis Boosts Profits For Collection Agencies

Rising delinquencies brought about by the current sub-prime crisis are not good news for many, except for collection agencies. As increasing amounts of bad debt are passed on to professional debt collectors, IBISWorld estimates that the collection industry will grow by 9.5 percent in 2008 and will continue to experience growth as long as delinquencies continue to mount. IBISWorld also believes that collection agencies will have opportunities this year to acquire new debt portfolios to expand their customer base.

Doom And Gloom For The Five Flops

At the opposite end of the spectrum, the following five industries have the dubious honor as IBISWorld's "bottom five" poor performing industries for 2008, based on their lackluster growth forecasts. They are: military armored vehicle and tank manufacturing; chicken egg production; emergency and other relief services; truck, trailer and motor home manufacturing; and (other) metal ore mining.

IBISWorld's George Van Horn said that the military
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SOURCE IBISWorld
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