Business: Slow Rebound from Recession

The TIME Board of Economists sees sluggish growth and stinging inflation

Ever since the nation first began slumping into recession last winter, economists have been warning that it would prove diabolically difficult for the U.S. to climb back to sustained growth without aggravating inflation. Last week, with the downturn already showing signs of beginning to bottom out, members of TIME'S Board of Economists somberly concluded that this recovery would not bring any significant slacking of price hikes. Democrat Walter Heller from the University of Minnesota appeared to sum up the views of his colleagues...