THE U.S. economy appears to be on the verge of a startling advance.
Though predictions are especially tentative because many key parts of President Nixon's program have yet to become fact, economists of varying philosophies have brought forward estimates that are remarkably consistent. After having accurately predicted the slow recovery and high unemployment of 1971 (TIME, Oct. 12, 1970), a majority of TIME's nine-man Board of Economists predicts that in 1972 the gross national product will increase by a spectacular $100 billion.
The estimate is the bottom-line figure in the "preliminary 1972 appraisal" of Walter Heller, one of the nation's leading economists...
To continue reading:
or
Log-In
