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Inflation, deficits and growth beat in midyear forecast
The midyear budget report projects higher deficits than before due to increased spending and revised revenue. 1961 deficits rise to 55.6 billion and 1962 to 42.6 billion, while consumer price inflation is seen at 7 percent in 1962 after a 9.9 percent rise in 1981. Experts call the economy sponge-like with inflation easing in food and energy components.
MENTIONED IN THIS ARTICLE
UPI
Congr
Otc
Aettie Tais Eee Aa Wael Tat GU
Eelen Ae Ee
Murray Weidenbaum
Council of Bossniake Advisers
Congress