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Chance for Mild Brief Recession Seen in 1970
The year 1970 is seen bringing inflation with a projected 4 percent rise in consumer prices and a real GNP near zero in the first half, then a modest expansion totaling about 1.5 to 2 percent for the year. Analysts expect inflation to persist while a mild, short recession is possible but unlikely to deepen.
MENTIONED IN THIS ARTICLE
Washington
Nixon
U.S. Corporation
U.S
Secretary of the Treasury
David M. Kennedy