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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 28, 1984

Page

5

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.

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.

Budagel Babsons Bassons Reports

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