THE ECONOMY: Making Progress Slowly

In its determined campaign to make 1971 the year of economic turnaround, the Nixon Administration hoped to start off fast. Last week the preliminary first quarter results showed that the gross national product scored by far its biggest three-month dollar increase in history, rising $28.5 billion over last year's fourth quarter, which was severely depressed by the strike at General Motors. The G.N.P. ran at an annual rate of $1,018 billion in the first quarter, compared with $959.5 billion in the first quarter of 1970. Though the early 1971 jump was strong,...

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