Babson sees 1976 growth with inflation pressures rising
Babson forecasts 1976 economic growth driven by industry and consumer demand with inventories stabilizing. Inflation should ease early year but rise again by spring due to cost pushes, wage gains, and higher oil prices, while capital spending remains muted and unemployment declines slowly.
MENTIONED IN THIS ARTICLE
Babson
OPEC
Nixon
Economic outlook and inflation dangers in 1976
This analysis reviews 1970s recession effects, noting industrial production drops, inventory gluts, and housing declines. It projects 1976 gains in production, housing, and jobs, urges continued capital spending, and warns inflation as the major risk to the economy despite optimism about stock markets and energy policy.
MENTIONED IN THIS ARTICLE
Cleveland Trust Corporation
Federal Reserve Board
Lorain County economy outlook for 1976 in focus
Area experts see 1976 improving on auto sales and production gains. Ford and GM recall plans bolster Lorain plants, while unemployment edges down from 8.9 percent in 1975 and housing and retail activity rise. Inflation outlook is modest and utilities face higher costs, with downtown Elyria and North Olmsted mall plans shaping growth.
MENTIONED IN THIS ARTICLE
Lorain
Cuyahoga Counties
Ford Motor Co
Lorain Assembly
Ohio
Thomas Brand
General Motor
Fisher
Elyria
U. S. Steel
Lorain Works
Tappan
Lorain County
Richard Masters
Lorain County Board of Realtors
Columbia Gas
Southwest
Midway Mall
Great Northern
North Olmsted
Mont Martre
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