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Economic tension shapes U.S. tourism trade and markets
The piece links French chaos and Near East uncertainty to a Soviet economic offensive aiming to curb the 600,000 annual U.S. tourists. It notes steel overcapacity, unemployment fears, and policy standoffs, with business leaders awaiting a cooler inflation path as summer shutdowns loom and oil prospects in the Near East look mixed but longer-term favorable.
MENTIONED IN THIS ARTICLE
France
Near East
Russia
United States
Europe
Kremlin
Jack”’ Rathbone
Jersey Standard Oil