The Economy: Problems of Success

The U.S. economy, which started its missile-like ascent in February 1961, still has plenty of go. In a report to the Treasury last week, members of a 25-man advisory panel of private economists, led by the University of California's Seymour Harris, predicted unanimously that the expansion would continue through 1966, though in all likelihood at a slightly slower pace than this year's. The panel foresees a further $40 billion rise in the G.N.P. to at least $710 billion by the end of next year.

According to the consistently accurate Michigan Economic Forecast, un employment will dip from the current 4.3%...

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