So says TIME's Board of Economists, unless big deficits stunt the upturn
After 19 months of dashed hopes, false starts and deepening despair, the most serious recession since the Great Depression is finally coming to an end. That was the unanimous prediction of TIME's Board of Economists, which met last week in New York City. Said Otto Eckstein, chairman of Data Resources, a Lexington, Mass., economic consulting firm: "The recovery is clearly upon us." Added University of Minnesota Professor Walter Heller, who has been a stern critic of the Administration's economic policies: "For once...
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