State of Business: Newer Confidence

What businessmen have to be thankful for this week is a flock of fresh omens that the economy may avoid the much-anticipated recession early in 1963.

Solid corporate profits, the fast breakaway of the 1963 cars, growing prospects for a dollar-green Christmas in the stores —all these have contributed to a shift toward optimism in the business community. The new consensus is that the economy may actually rise a bit in the first half of 1963, and at worst will inch down only slightly. On Wall Street, the changed mood was reflected last week in the Dow-Jones industrial average, which...

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