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1973 Good Year Forecast for Farmers and Economy
The 1973 outlook predicts a nine percent rise in current dollar output and about four percent in constant dollars from 1958 base. Personal consumption and private domestic investment should drive growth, with better foreign trade, defense updates, and hoped cease-fire in Vietnam shaping a milder but robust year. Farmers see a strong year with record incomes around 188 billion, rising farm demand, equipment sales, and higher employment, though wages and labor tensions may temper optimism.
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