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GE Forecasts See 1974 Energy Crunch For U S Economy
GE economists led by Frank Murphy project a 1974 oil shortfall amid a lifted embargo and easing monetary policy. They predict a 4 to 4.9 percent drop in industrial output, greater regional pain in New England and the Middle Atlantic, and inflation near 0.4 percent for 1974. Unemployment rise and price increases loom as heating and utility use tighten.
MENTIONED IN THIS ARTICLE
New York
Ihat
Genial Electric
Tly Con Nome
Lam
Frank Murphy
Wassily Leuntief
Harvard
Clopper Alman
University of Maryland
Taonlet
Stockholm
Gio
Japan
Europe
T Hough
Cos
GIS
U.S
New England
Midwest
Ford
Soe
Radis Anil Wenispe Jhlomag