The Economy: Continued Uneasy Prosperity

THE ECONOMY

Meeting to ponder the U.S. economy, twelve experts gathered under the auspices of the National Industrial Conference Board, emerged with predictions of a brisk first half, a slower second half, and for the year as a whole a satisfactory expansion in spite of unsettled periods. In summary, like 1967, it will be "another year of worrisome, uneasy prosperity."

First-Half Bulge. In its chronology, however, the new year will be almost a complete reversal of 1967, when a mini-recession created sluggish first and second quarters before the economy began to come back. During first-and second-quarter '68, the NICB forum agreed,...