State of Business: Strong -- But Sluggish

Official Washington last week acknowl edged what most businessmen have long realized: there is no boom in view.

"Slightly off," said Commerce Secretary Luther Hodges of the first-quarter figures, which show the gross national product bobbing along at $548 billion to $550 bil lion instead of the hoped-for $553 billion.

"Below expectations," admitted John Ken nedy. The President quickly added: "We look for a strong and continued expan sion throughout the year and into 1963." But he revealed his doubts about the vigor of the economy by asking Congress for a $600 million emergency public-works program to make jobs in almost...

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