THE ECONOMY: Biggest Boom

THE ECONOMY Biggest Boom This year is well on its way to being the biggest boom year of all. So the Joint Congressional Economic Committee on the Economic Report last week estimated on the basis of reports for the first six months. Items:

ΒΆ Gross national product (value of all goods and services) in the second quarter was at an annual rate of $368 billion, highest on record, v. $361 billion in the first quarter and $346 billion for all of 1952. CJ Consumer spending, at an annual rate of $226 billion in the first three months, climbed to a $228...

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