FORECASTS: A Time for Revisions

Though prospects for solid economic advances for the rest of this year remain good, a strain of uncertainty in recent weeks has brought a slight dip in earlier forecasts. The main cause: the Government's downward revision of last year's estimated gross national product, which fell $4 billion below expectations, to $1,047 billion. Besides lowering the base from which 1972 starts, the revision also automatically shaves down the anticipated totals for this year by lifting the economy off into the new year on a less sharp curve than expected.

Last week members of TIME'S Board of Economists pared their earlier growth forecasts....

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!