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Recovery Now or Later in 1982 Economic Outlook
AP Business analysis questions why 1982 may not spark a lasting recovery. High interest rates and inflation erode consumer buying and business investment. While rates eased slightly, real costs remain high. productivity and foreign competition also hinder revival prospects, with some economists predicting 1983 or later for growth.
MENTIONED IN THIS ARTICLE
Robert Burns
New York
Reagan
Morgan Guaranty Trust Co