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1977 Economic Outlook Sees Moderate Growth Amid Inflation Fears
The forecast highlights near 3 million workers in expiring pacts and widespread contract talks across steel communications aluminum clothing and construction. A 1977 housing starts rise is expected but not to 2 million units with 1.8 million as a more likely goal amid costs taxes and regulations. Employment income and spending are set to rise with unemployment around 7 percent and inflation fears shaping wage talks and policy expectations.
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