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Babson Forecast for 1973 Economic Outlook
Babson forecasts for 1973 call for inflation restraint with modest price gains and a 5 percent rise in industrial production. GNP should grow about 9 percent in current dollars and 4 percent in real terms, driven by personal consumption and private investment amid mixed policy signals. The report also notes a potential Vietnam cease-fire, stronger farm income, rising consumer spending, and a cautious stock market outlook amid inflation risks and labor tensions.
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