Still Sighting Favorable Signs

TIME's Board of Economists expects slower growth but no new slump in '84

From the start, the rebound from the grinding 1981-82 recession has been filled with sharp surprises.

First the recovery took off far more powerfully than nearly all experts had expected. Now the prospect of further giant federal deficits is raising fears that the upturn may abruptly end. Such concerns have sent the Dow Jones industrial average plummeting 110 points in the past month. At a meeting last week in Manhattan, the members of TIME's Board of Economists foresaw continued growth this year, but predicted that the recovery's pace would slow....

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