Babson predicts 1940 first half boom despite uncertainty
Babson Park Mass December 28 1940 forecast that the first half of 1940 will be the best six months since 1929 with higher jobs wages farm prices profits and dividends though taxes and living costs are not expected to rise sharply. He cites looming war elections and policy debates but argues the economy will improve early 1940 before a possible second half downturn.
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Roger Babson
Babson Park
Mass
Ware
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Thetiara
Booming 1940 Outlook For Business And Farm Profits
The forecast projects a strong first half of 1940 with farm incomes up about ten percent from 1939 levels and consumer demand rising. Industrial activity, construction, and retail spending are expected to lift wages and profits, while farmers benefit from higher prices and eased credit, though drought remains a serious constraint in the West.
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