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Why 1982 May Not Launch a Quick Economic Revival
AP report surveys 1982 slowdown reasons including persistently high interest rates and inflation adjusted costs. It notes consumer austerity, debt burdens on manufacturers, and weak productivity, with economists predicting recovery not before 1983 or later. It cites Reagan administration optimism tempered by warnings of no boom yet.
MENTIONED IN THIS ARTICLE
Robert Burns
New York
Reagan
Morgan Guaranty Trust Co