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Economy performing better than expected in mid-1972
New York reports that the first half of 1972 shows the economy advancing slightly above earlier forecasts with several analysts boosting GNP projections to about 1,148 to 1,150 billion. While inflation and a growing federal deficit loom, experts see continued growth, modest price pressures, and cautious optimism for 1973, noting unemployment persistence and productivity gaps as downside risks.
MENTIONED IN THIS ARTICLE
New York
Gr&ing
Tilford C. Gaines
Hanover Trust Co
Walter H. Heller
University of Minnesota
Saul B. Klaman
National Association of Business Economists