OUTLOOK: Obituary for the Boom

Unable to sustain its present scorching pace, the U.S. economy will begin to falter in the second half of this year and then slow drastically in 1974. That in essence is the opinion of TIME'S Board of Economists, evolved at a daylong meeting last week that turned into a kind of advance obituary of the present boom.

None will yet predict an outright recession in 1974, but several foresee a period during which growth will be insignificant. Several warn that an actual recession could occur, given policy mistakes that it would be all too easy for the Government to make.

Board...

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