TIME'S Board of Economists rejects recession fears and sees growth in 1985
For the U.S. economy, the best Christmas gift would be the promise of further solid growth next year. And that is precisely what TIME'S Board of Economists offered last week when it met to assess the business outlook for 1985. In a spirited session that also examined the impact of sweeping tax reform and budget-cut plans, board members unanimously predicted that the economy will retain its forward momentum and avoid a recession in the year ahead. Said Alan Greenspan, a New...
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