Babson’s 1972 Outlook Sees Modest Inflation Retreat
Babson’s Reports forecasts 1972 will bring restrained inflation and a return to growth, aided by eased labor tensions and healthier demand. It notes monetary stability, continued fiscal deficits, and the Nixon program’s phased impact, with caution over Phase Two and political factors shaping confidence. The report cites port disruptions, strikes, and foreign exchange pressures as ongoing headwinds while predicting a year of gradual improvement and cautious expansion.
MENTIONED IN THIS ARTICLE
Cambodia
Free World
Nix
Nixon
Congress
Babson
Bor
IFFY
Middle East
Southeast Asia
India
Pakistan
Jordan
Northern Ireland
Britain
Vietnam
Russia
Red China
Babson's Reports
No 1
Public finances threaten 1972 deficit surge
The Federal Government faces a daunting deficit after a $23.2 billion shortfall in the year ended June 30, 1971. Without spending restraint, the budget could exceed $50 billion in the current year, potentially impacting Nixon and the Republican Party in 1972 elections. A separate note signals a predicted dollar devaluation.
MENTIONED IN THIS ARTICLE
Congress
Also Mentioned on This Page
Babson’s Reports Inc
Wellesley Hills
Mass
West Coast
Fast Coast
Gulf Coast
Babson’s Reports
Republican Party
Babeon
Babann
Cole Provision CO
Cuero, Texas
Dad
WERY
Cuero Federal Savings
Gonzales and
Courthouse
Christopher
Patrick
Cherie
Tim von Dohlen
Chniatmas