Brady Standard in Brady, Texas

Kissinger notes on US economy and Middle East in New Year briefing

Henry Kissinger and others reviewed economic prospects through 1978 at a New York conference. They projected 5% real growth, 4.4% final demand rise in late 1976, and a controlled monetary policy. They warned production energy needs, discussed potential tax cuts, implied modest inflation impact, and touched on labor changes and profit sharing amid the oil outlook.