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Inflation and GNP Outlook From Commerce Report
The Commerce Department forecast slower steel and related industry growth but continued inflation pressure. GNP was set to rise about four percent annualized in the first half with a potential $7.7 billion rise in consumer spending and a total GNP around $850.3 billion, while inflation eroded real gains. Retail sales showed a mixed, slower start as overall economic activity extended into the year though signs pointed to moderated price increases.
MENTIONED IN THIS ARTICLE
Washington (Ap
William
Charlener
Hearst
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National Geographic