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Seeds of another recession loom after long downturn
UPI report surveys postwar cycles, predicting a third recession in the 1970s with unemployment staying high through 1980. Economists warn that oil prices, policy limits, and global instability threaten a prolonged slump, while calls for national economic planning gain some support.
MENTIONED IN THIS ARTICLE
Richard Hughes
UPI
New York
U.S
Michael K. Evans
Chase Econometrics
Evans
Irwin Kellner
Manufacturers Hanover Trust
Kellner
Albert T. Sommers
Conference Board
Sommers
Federal Reserve
Sommer
Arthur M. Okun
Otto Eckstein
Data Resources
Lexington
Mass
Eckstein
Congress
University of Michigan
Harvard
Wassily Leontief
Secretary of
Treasury
William E. Simon
Wall Street
Alan Greenspan
Council of Economic A $S
Democratic Congress
Joint Economic Committee
Ford