The View from Hot Springs, Va.

Top executives see healthy growth and modest inflation ahead

When the chief executives from 70 of America's largest corporations gathered last weekend at the tony Homestead resort in Hot Springs, Va., for a semiannual meeting of the Business Council, their mood was understandably relaxed and upbeat. The strongest economic recovery in three decades has helped produce a 23% upsurge in corporate profits this year. Between rounds of golf, tennis matches and closed-door briefings from top Government officials, the executives expressed confidence that the business climate will remain favorable, at least through 1985.

That...

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