TIME'S Economists foresee an end to the recession
Strapped by huge budget deficits, high unemployment, spiraling prices and distressing trade imbalances, the economies of Western Europe will show little or no growth this year. But in 1982 they will probably begin perking up. That was the conclusion of the TIME European Board of Economists, which met last week in Munich.
All of Europe's major economies show some signs of improvement, but these are still outweighed by the evidence of weakness. Inflation is on the wane in Great Britain, but unemployment could rise to 12% or...
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