THE RECOVERY: A Bit Slower, but Still on the Track

Midyear is a time of economic pulse taking, often followed by a revision of forecasts for the year that have been overtaken by events. But this week, as the first six months end, there is no need for any drastic changes. Even though some of the latest indicators show a diminishing velocity, the outlook remains basically the same: the nation's economic revival will continue at a healthy pace, not only for the rest of this year but through 1977 as well.

The business revival has just celebrated its first birthday. It was in...

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