OUTLOOK: After the Boom, a Siege of Uncertainty

Of all possible conditions, the one that businessmen most abhor is uncertainty. Yet as the U.S. economy lumbers out of one of its most profitable, troublesome and portentous years, uncertainty is the only word for the outlook. In trying to gauge prospects for 1974, most economists admit to playing a kind of blindman's buff. The biggest imponderable is the extent of the damage likely to result from the energy crisis, which is sure to bring something that economists have no experience charting: a slowdown caused not by lack of demand but by...

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