The Treasury is hoping for a return to more solid economic growth in the second half of this year.

"We need good solid growth on the top line."

Even the lower level, however, represents solid growth despite a weak economy.

During 1984-88 the economy experienced solid growth for the first time since 1978.

"The most likely set of conditions a year from now is probably solid growth, moderate inflation," he said.

"We still view it as an industry that is capable of solid growth," he said.

If he can show some solid growth when the economy improves, he'll do very well.

IN the old developed world, this is an era of solid but moderate economic growth.

It appears that the industry is in for another year of solid growth.

"We see solid and steady growth well into the future."