Europe braces for prolonged recession amid global slowdown
The United States downturn spreads to Western Europe as Germany France and Italy report reduced industrial output and rising unemployment. Officials warn growth will be weak through 1981 with inflation high and protectionist pressure growing while oil price shocks continue to distort trade and investment.
MENTIONED IN THIS ARTICLE
Europe
France
Raymond Barre
Denis Healey
Britain
Free World
United States
Germany
Italy
Fiat
Rhone Poulenc
Kiel Economics Institute
West German Mechanical Engineering Federation
Japan
Soviet five year plan faces miracle to hit goals
The New York Times reports in Moscow that the 11th five year plan faces grim odds. Brezhnev stresses better food and housing yet draft guidelines show lower targets for agriculture and industry than the previous period. Oil and grain projections hinge on perfect conditions, making a miracle necessary to reach 238 to 243 million tons of grain and 12.5 to 12.9 million barrels per day of oil by 1985.
MENTIONED IN THIS ARTICLE
Valery Giscard d’Estaing
Italy
Britain
Peter Oppenheimer
Oxford University
New York Times
Moscow
Ruth
Kremlin
Communist Party
Leonid I. Brezhnev
Dember
Estern
van Ivanov
Soviet Communist Party
Soviet Union
Workers ambushed in Moro territory in Philippines
Armed men believed to be Moro rebels ambushed a truckload of logging camp workers in Lanao del Sur province killing five and wounding one. The attack occurred Friday as government forces fight Moro National Liberation Front guerrillas in southern Mindanao.
MENTIONED IN THIS ARTICLE
Manila
Philippines
Lanao del Sur
Moro National Liberation Front
Also Mentioned on This Page
Paris
Commission
John F. Norris
Chase Econometrics
Common Market Commission
Organization of Peteroleum
Emile van Lennep
Organization For Economic Cooperation and Development
International Monetary Fund
Soviet
Moro Territory
Jesse
Adam St
Sturgis
University Mall
Carbondale
America
U.S
Moonlighter
Murphysboro
New
Omni
Mr. Friendly
Zales
Shriko
Seiko
Sales University Mall
American Express
Masterton
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