To predict the likely 1970 performance of the U.S. economy, IBM executives last week set their computers to work. They fed in the latest economic statistics and some assumptions, and the computers came out with what sounded like a weather-bureau forecast of precipitation probabilities. In IBM's book, the four possibilities, and the chances of them, are:
Continued Boom 10%
Minor Recession 20%
Slow Growth, But No Recession 55%
The actual outcome, says IBM Vice President David Grove, who is a member of the TIME Board of Economists, depends mostly on a couple of factors: how much businessmen will spend for new plant and equipment...