Schoepfle: County cushioned from worst 1979 blows
Elyria Chronicle Telegram outlines a 1979 forecast emphasizing inflation, interest rates, and unemployment. The column predicts a soft downturn, slower housing starts, and modest GNP growth, with energy prices rising and oil costs driven by OPEC. It urges caution in debt, notes stock market opportunities, and discusses Federal Reserve policies.
MENTIONED IN THIS ARTICLE
Carter
Congress
Lorain County
Federal Reserve Bank
Fed
U.S
Federal Reserve
Treasury
Babson's 1979 recession outlook and inflation risk
Babson's Reports foresees a 1979 with a mild recession defined by two consecutive quarters of output decline, as inflation pressures persist. It highlights possible job losses, higher prices, and policy battles, but expects a real GNP gain near 2 percent for the year amid cautious consumer spending and steady corporate profits.
MENTIONED IN THIS ARTICLE
Carter
Industry Week
Charles Mosher
Noel McBride
Cleveland Trust Company
United States
U.S. Department of Labor
Fed
U.S
Babson
T Tme
Babson's Reports
Babson’s
Tate
Area Leaders See ElyriaLorain Economy Outperforming U S
Area leaders predict the local economy will outpace the U S average with growth mostly in existing facilities rather than new plants. They foresee rising employment, mixed consumer spending, and shifts in housing and industrial activity, with several naming specific sectors and firms.
MENTIONED IN THIS ARTICLE
Robert Manion
First National Bank of
Elyria
General Motors Corp
Tard Motor Co
Cobrity
Also Mentioned on This Page
Chronicle-Telegram
Thurs
Schoepfle
Washington
Cleveland
OPEC
America
Germany
Labor Front
Babson's
Capitol Hill
North Ridgeville
Assily
Avon Lake
Carmine Torio
Home Builders Association
Denny DeMarco
ConSun Food Industries, Inc
Ryan
Manson
Cleveland Trust
Charles Waryn
Avon Lake City
William J. Fitch
Elyria Savings & Trust National Bank
Ehrenfelt
Raymond D. Campbell
Oberlin Savings Bank
Carl L. Mikovich
Ridge Tool Co
James G. Rieth
Lorain
DeMarco
Howard Cleveland
U.S. Steel Corp
Melrose
Foxman
Mikovich
Rieth
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