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Economic Predictions For 1974 Cause Feelings Of Uneasiness
New York AP surveys volatile outlooks for 1974. Prices likely to rise, inflation easing only modestly. early year recession possible. unemployment up then unclear. shortages persist, especially oil related. high interest rates first months, then uncertain. Mortgage money should loosen. price and wage restraints may continue. demand for compact cars may outstrip supply. overall market forecasts hinge on Middle East oil moves.
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