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Economy Showing Slowing Pace as Inflation Persists
AP reports government economists see a slowing economy based on Federal Reserve data. November industrial output fell for the fourth straight month with auto production down 6 percent, while inflation remains high and wages decline due to shorter hours. Experts projected varied 1970 outlooks with some recession risk.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
Federal Reserve Board
General Electric Co
General Electric
Labor Department