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Boom in babies a trade boon
New York AP report notes birth rate rise for first time in two decades, predicting long term economic impact. Irwin Kellner of Manufacturers Hanover Trust says baby sector fuels demand for clothing, foods, carriages and services, with governments planning nurseries and schools as the cohort grows. 3.4 million births expected this year, up 7 percent from 1976, with monthly increases suggesting 1978 could exceed 1977.
MENTIONED IN THIS ARTICLE
New York
Irwin Kellner
Manufacturers Hanover Trust
Kellner