Word: grassman
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Dates: during 1970-1979
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...outlook for 1978 is not much better, despite government moves to salvage basic industries through nationalization, heavy subsidies and blatant protectionism against highly competitive imports. "The best that this will do is allow us to tread water," says Sven Grassman of Stockholm University's Institute of International Economic Studies. Other economists, including some in the government, reject as "rosy" and "naive" official forecasts of positive G.N.P. growth, 10% inflation and at least unchanged unemployment this year...
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