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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 30, 1976
Page
6
Babson predicts a 1977 rebound with inflation pressure and energy price risk. Private sector strength should drive growth as residential construction and services boost consumption while wage and input costs temper the pace. Inflation remains a persistent yet manageable challenge. labor talks and steel inventories will shape midyear production.
The article reviews 1976 as a year of recovery with rising production, housing, savings, and stock markets, while noting persistent inflation, oil supply concerns, and tax changes. It forecasts 1977 with continued auto production strength, higher housing starts, steady credit, and inflation edge up toward year end, but no rapid growth or full prosperity, under Carter’s administration and policy debates.
Area leaders predict slow steady growth in 1977 as Lorain plants rebound from strikes and run at high capacity. GM Fisher Body Elyria to expand with plastic molding. U S Steel Lorain Works hopes orders pick up. American Ship Building Lorain Yard busy with new vessels. energy and labor issues loom amid a broad forecast for employment gains and new construction.
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