STATE OF BUSINESS: Points in the Second Half

In an outpouring of prognostication, economists across the U.S. last week were in remarkable agreement about where the U.S. economy is going in 1961. Their consensus: The recession will last into the first half of 1961 but will get no worse, will give way to an upturn in 1961's second half, which should make 1961 a better year than 1960. None felt that the gross national product will drop more than 1% or 2% before the upturn.

More Phrases. Testifying before the Joint Economic Committee of Congress, Government and private economists agreed that...

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