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Nation May Face Real Recession in 1974
The 1974 outlook warns of a possible recession as oil cuts and shortages persist. Unemployment could rise toward six percent in the first half, with inflation remaining high and fuel and food costs continuing to surge. The administration weighs policy tools as input costs rise and markets react to past wage price controls.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington (Ap
U.S
Nixon
United States
Congress
Council of Economic Advisers
Cost of Living Council
Soviet Union
Treasury
George P. Shultz
Federal Reserve Board
Japan