Word: forli
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Dates: during 1950-1959
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Gross national product will pass a rate of $500 billion early in the year and probably hit $525 billion before 1960 ends. It should reach $700 billion by 1970, predicted Emerson P. Schmidt, research director for the U.S. Chamber of Commerce.
Automobile sales will rise to 7,000,000 from 6,000,000 this year, in line with the rising U.S. population and a 6% increase in disposable personal income, said Louis J. Paradise, chief statistician for the U.S. Department of Commerce. But car production will be held down for several...
New housing starts will ease off to 1,200,000 from 1,350,000 this year, said Paradiso, because of tight money. But the demand for appliances and furniture will continue to go up. Instead of buying a new house, more consumers will fix up the present one, leading to...
Money will remain tight as industry and business bid for funds, but prospects for a balanced budget or only a small deficit will reduce the competition of the U.S. Treasury for new funds on the money market.
Looking at the aftermath of the steel strike, some economists last week were swinging around to the opinion that for all the harm it did the economy, it also may have done some long-range good. Along with others. Chamber of Commerce's Schmidt pointed out that the postwar...