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No Recession Foreseen in 1978 Forecasters Say
A New York AP report notes a consensus among economists that 1978 will not see a recession. Inflation may run 6 to 7 percent, growth 4 to 5 percent, unemployment around 6.5 percent, with consumer spending solid but not booming and capital spending rising but shy of 1977. London’s Tower Bridge faces truck ban due to structural cracking from heavy traffic.
MENTIONED IN THIS ARTICLE
New York
J. Robert Ferrari
Prudential Insurance
Tower Bridge
London