Economists foresee continued US economic recovery in 1987
A National Association of Business Economists survey shows optimism rising after a slow 1986. Growth seen at about 2.8 percent GNP in 1987, unemployment around 6.8 percent, inflation near 4 percent, and the prime rate near 7.5 percent. Deficit projections rise to 189 billion this year, with cuts proposed in defense and non defense programs.
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Washington
U.S
National Association of Business Economists
Jerry Jordan
Association
Gramm-Rudman
Reagan
National City Bank
National City Banker
United States and allies strike accord to steady dollar
In Paris the United States and major partners agreed to curb the dollar slide by reducing the U.S. budget deficit while Japan and West Germany pledged higher purchases of American goods. Italy protested key meetings, threatening to cancel the June Venice Summit, though Canada attended. The Group of Five framed a path for currency cooperation with Italy seeking clearer future role. The June summit remains scheduled for June 8-10.
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Paris
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U.S
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Louvre Palace
Bettino Craxi
Baker
Gulf oil ministers push coordinated marketing policy at Doha
GCC members Saudi Arabia Kuwait United Arab Emirates Bahrain Qatar and Oman pledged to coordinate marketing within OPEC quotas and aid any member facing marketing difficulties. They noted ongoing consultations to restore production to prescribed levels amid price pressures and suspected violations within OPEC.
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Doha
Qatar
Saudi Arabia
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Council
Kuwait
United Arab Emirates
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Oman
Persian Gulf
Organization of Petroleum Exporting Countries
GCC
OPEC
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