Babson Looks Ahead to 1964 Economic Trends
The speaker forecasts rates stay high or rise through 1964 to sustain the dollar and gold. No gold devaluation expected in 1964. Copper demand to rise with ample supply. little price change. Sugar prices stay high. new building continues with suburbia growth, and public road construction strengthens. Farmland near cities rises in value. Florida waterfront land favored. cautious land buying advised. Newspaper ads stay strong. consolidation among papers may return to individual leadership. 1964 should see fewer large strikes with wage gains in fringe benefits.
MENTIONED IN THIS ARTICLE
Africa
American-South African Investment Co. Ltd
Florida
Forecasts for 1964 Economic Trends and Global Outlook
The forecast envisions employment rising in 1964 amid a prosperous economy with expansion. Unemployment will rise due to youth job seekers and displacement of unskilled workers. Inflation may be tempered but living costs rise. Automation boosts U S competitiveness abroad while European inflation looms. Demand grows in retail and recreation gear. synthetic foods and clothing enter markets. Automobile parking advances and seat belt legislation gain push. Electronic and space-related production expands. air conditioning shifts to fewer moving parts. Oceanography spurs mineral and product development. Cuba proximity unsettles Florida. Russia expands electrical appliance production and offers 100 percent owned installment company. War unlikely. Cold War tensions ease gradually. Khrushchev’s hold on youth questioned as Russia’s education and research progress rise.
MENTIONED IN THIS ARTICLE
Johnson
U. S
Europe
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Tripoli
Iowa
Babson
Italy
France
Labor Department
United States
Cuba
Russia
Berlin
West Germany
Khrushchev
Sian
Khrushcheve
Weill Sale
Stevens
Utica
Percase
Vegas
Boston
Folger’s
Brach
Campbell
Our
Food Department
Wecome
Mr. Vw T Gen
Lee A T Tay CU
Joy
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