Industry Slowdown???

The attached link goes to an article about GSK cutting jobs...

http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=704&feed=dji§ion=news&news_id=dji-00035320050125&date=20050125&alias=/alias/money/cm/nw

while this is a concern in and of itself, look at the last line in the article...

It references an industry analysis which reports sales growth is expected to slow from 10% over the past decade to 5% for the next decade...

that can't be good...

does this mean that the level of current competition (bloodletting is more like it) can be expected to continue for the next 5 years?

that definitely can't be good...