ANOTHER RECESSION?: When & If, It Should Be Mild & Brief

WITH the boom still picking up speed, most U.S. economists have stopped worrying about the present, started looking into the future to answer a prime question: When will the U.S. have another recession? They have little doubt that a slowdown will come. "One of the outstanding facts of the postwar economy is the re-emergence of the classic business cycle," says Presidential Economic Adviser Don Paarlberg. Other economists throughout the land are in surprising agreement that business will boom into 1960, slump somewhat in 1961.

They based their forecast on the fact that each postwar cycle has had two or three years...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!