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No Recession Seen in 1978 Forecasters Say
New York AP reports a consensus among economic forecasters that 1978 will not bring a recession. Expansion and inflation are expected to rise modestly, unemployment to about 6.6 percent, and consumer spending to remain fairly strong though not surpassing 1977. Capital spending should grow but lag 1977, with inflationary pressures from energy, wages, and food bills.
MENTIONED IN THIS ARTICLE
New York
J Robert Ferrari
Prudential Insurance
Certan