Business: No Crash of '79 Coming Up

TIME'S Board of Economists sees only a slowing, then more growth

The Crash of 79? Forget it. Oh, sure, there will be a quarter or two of very slow growth next year, but the odds are against anything that could even be called a recession. And if a recession does strike, it will be shallow and short.

That is the forecast of TIME'S Board of Economists, who gathered in Manhattan for their quarterly assessment of the outlook, and in the context of recent grim economic tidings, it is rather reassuring. Last week, for example, the Commerce Department reported...

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