OUTLOOK/BOARD OF ECONOMISTS: The Upturn: Sensational, But Lousy

Measured by the rate at which production will rise, the U.S. economy's recovery from its worst slump since the 1930s will be swift. But business has fallen to such low levels, and has so far to climb back, that even a vigorous upturn will leave unemployment dismayingly high through 1976. That is the consensus of members of TIME'S Board of Economists, who assembled in Manhattan last week to discuss, among other key issues, the probable course of the nation's bounce back from recession. Board Member Arthur Okun sums up: "The rate of...

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