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Economic Recovery Rolls Near Record Pace
New York briefing notes a continuing economic upturn with GNP near record levels for the June quarter and forecasts of $510 billion to $530 billion by year end. Delivery of positive data from May includes rising orders, production, and employment, while inflation risks remain debated and wage price controls are not planned.
MENTIONED IN THIS ARTICLE
Walter W. Heller
President’s Council of Economic Advisers
Heller
National Association of Purchasing Agents
National Retail Merchants Association
First National City Bank of New York
Marcus Nadler
Hanover Bank of New York
Kennedy
Walt Whitman Rostow
General Motors
Ford
Chrysler
Harold C. Lamb
Republic Steel Corp
Iron Age