There was further strong evidence last week that the economy is healing faster than expectedand without suffering the crippling inflationary side effects that marred the early stages of its recovery last summer. The signs:
> Real gross national product, the nation's total output of goods and services minus the effects of price increases, rose in the third quarter at a seasonally adjusted annual rate of 11.2% or more than even the most optimistic economists had been predicting. During the April-June quarter, G.N.P. inched upward at a modest rate of 1.9%, following five consecutive...
To continue reading:
or
Log-In
