The translation industry is growing during these tough economic times, and will continue to do so due to the nature of the globalized economy, predicts Margarita Griggs, a member of the American Translators Association (ATA). Griggs, who recently received an international award for her work with high school and college students, says organizations in the United States will need to rely more on the global economy because the domestic economy is struggling. And organizations will need accurate translation when conducting business around the world, she says. The translation and interpreting services industry has grown at a rate of 10 to 15 percent annually over the past decade and is now an $11 billion industry. Parade Magazine recently ranked translation as the second hottest job, noting that the need for translators will grow by 26 percent over the next ten years.

From "Interpreters in High Demand"
KOLOTV.com (NV) (10/09/09) Wightman, Karoline
Quoted in ATA Newsbriefs