Business: Now a Surge, Then a Slowdown

TIME'S Board of Economists sees more jobs, higher prices, tighter money

The nation's economy is rebounding spectacularly from the ferocious winter that clobbered business early this year. With new jobs being created at a hectic pace, and production, consumer sales and capital spending all quickening, business should move ahead fast through the spring and summer. But it will begin to falter in the autumn and probably remain sluggish for much of 1979. The extent of the slowdown will depend on many, factors, notably Jimmy Carter's success—or failure—in fighting inflation. That is the forecast of TIME'S Board of Economists, which met last week.


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