‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.

INTERNATIONAL TRADE: Congressional approval of the North American Free Trade Agreement, a Pacific Rim trade summit and a new GATT accord considerably brighten the outlook. U.S. exporters will collect a down payment on the $35 billion to $40 billion trade boost expected from GATT alone over the next six years.