State of Business: Good & Getting Better

Economists and businessmen are in considerable agreement in their predictions for 1962. In the language dear to the canny winegrowers of Burgundy, they foresee a good year but not a great one. Almost all hands predict that the gross national product will rise this year from $521 billion to somewhere around $560 billion, an increase of 7%. The industrial production index should climb from its recession low of 102 in February last year to better than 120 by year's end. And forecasters have the comforting conviction that consumer prices will probably inch...

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