Cheers for a Banner Year

As growth surges and inflation stays low, companies slim down and shape up

For the first time in a long time, Americans will be able to toast the new year with the feeling that it will bring greater prosperity and brighter prospects. With unemployment falling, incomes rising, inflation at bay and shoppers crowding into stores, the economy is entering 1984 on a roll rather than in a rut. Looking back, businessmen and consumers can celebrate 1983 as a year of rebound and turnaround. For many industries and labor unions, it was also a year...

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