1985 to Bring Tax Debates and Market Shifts
A clipped forecast outlines 1985 as a year of tax debate with potential drastic changes, slower growth after 1984 and a rebound in 1985. It predicts inflation staying under 4 percent, oil prices easing to around $25, and continued Dow fluctuations between 1250 and 1350, with unemployment at about 7 percent.
MENTIONED IN THIS ARTICLE
United States
Federal Reserve
America
Walter Mondale
China
Karl Marx
France
Econome
Treasury Department
OPEC
Lorain County
Washington
Soviet Union
Fed
US Treasury
Hopiny
Dow Jones
Babson
Babsons Reports
Babson 5
Babson predicts 1985 avoids recession amid steady growth
Babson Reports forecasts for 1985 see a moderate, steady expansion with no recession. Real GNP should rise slightly above 3 percent, industrial output up, and inflation kept in check by prudent monetary policy and slower growth, though tax and budget issues loom.
MENTIONED IN THIS ARTICLE
Budagel
Babsons
Bassons Reports
Also Mentioned on This Page
Federal Reserve Index
Babson’s
Treasury
Donald Regan
Congress
Capitol Hill
Timate
Financal
Sedona
Anzona