THE RECOVERY: Time to Revise Forecasts Upward

If the nation's business recovery continues to gain speed at the rate indicated by nearly every statistic that came out during February, economists will soon be revising upward their predictions for 1976—and Democratic campaigners will find what they had expected to be their sharpest election issue blunted. As the year opened, Government and private economists were almost unanimously predicting a rise of 6% to 6.5% in national output of goods and services, discounted for inflation. But 1976 has got off to a faster start than that; real G.N.P. in the first quarter could easily...

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