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Economists Split Over 1974 Recession Odds and Pace
Most economists in the AP survey expect continued slowdown into 1974 with modest impacts. Milton Friedman argues a recession is likely, depending on Federal Reserve policy, while Albert Sommers sees a moderate setback aided by trade balance shifts and capex optimism. John Kendrick edges toward a growth recession scenario, citing a profit squeeze from Phase 4 controls.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Milton Friedman
University of Chicago
Friedman
Federal Reserve Board
Fed
Sion
Albert Sommers
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Conference Board
John Kendrick
Sommers
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