State of Business: Calm Before the Boom

Businessmen who have wondered when —if ever—those "Soaring Sixties" would finally begin to soar got a bullish answer last week from Secretary of the Treasury Douglas Dillon. Said Dillon: ''It is probable that by this time next year, our economy will be in high gear. We may well be in the midst of an economic boom."

By boom Dillon meant a gross national product that would skip from the current rate of $512 billion to $530 billion by this year's final quarter and to $570 billion at the end of 1962—perhaps even generating enough profits and tax revenues for a tax...

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