The sharp slump mil be followed by an anemic recovery
The TIME Board of Economists met last week in Manhattan to review the nation's quickly deteriorating business situation. After looking at the economy's vital signs, the experts concluded that the recession of 1980 will be longer, deeper and more painful than was expected only a few weeks ago. Unemployment threatens to climb to a peak of 9% or more by early 1981, matching and perhaps even surpassing the 9% jobless rate that was briefly touched during the 1973-75 slump. Next month's release of growth...
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