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1974 Outlook: Recession Threat in U.S. Economy
The Associated Press reports that after 1973's inflation and shortages, the U.S. faces potential recession in 1974 with unemployment around 6 percent possible in early 1974. Oil embargoes, fuel scarcities, wage price controls shifts, and a volatile dollar shaped a fragile outlook amid rising prices and policy trials.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
U.S
Nixon
United States
Congress
Council of Economic Advisers
Cost of Living Council
Soviet Union
Treasury
George P. Shultz
Federal Reserve Board
European
Japan