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Business survey finds 50-50 recession odds and mixed optimism
Gallup and the U S Chamber of Commerce surveyed about 1 200 businessmen who foresee a 15 percent chance of recession within 12 months and a 50 percent chance within two years. They expect inflation and unemployment to be tackled poorly by the Carter administration and Congress, with longer term optimism rising to 31 percent in four years. Consumers show greater pessimism with 49 percent predicting bad times.
MENTIONED IN THIS ARTICLE
Iswarea
Xsuca
Gallup Economic Service
U.S. Chamber of Commerce
Carter Administration
Congress
Xecunlvey
Rcent
Gallup
Jay Schmiedeskamp
Gallup Organization
U.S
Jack Carlson
Chamber of Commerce
Blisiu Puredse