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Babson Sees 1972 as a Year of Solid Prosperity Ahead
Babson's Reports foresees a constructive 1972 with inflation curbed and growth in consumer spending, housing, and nonresidential construction. It notes easing labor tensions, currency realignments, and improved confidence, while warning deflation is unlikely and budget deficits remain a risk. The forecast highlights a tentative path to higher GNP, employment gains, and stronger profits through year.
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