Word: inflationitis
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Dates: during 1960-1969
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One key to this unprecedented prosperity is the astonishing productivity-the output of goods and services per man hour-that has trebled since 1917, far outstripping the performance of workers in any other industrial society (in 1960, European workers, for example, roughly reached the level of output attained by the...
Though inflation still plagues Indonesia, Suharto is working hard to restore the climate for foreign investment, to draft a five-year plan and to win additional aid from Indonesia's nine major non-Communist creditors, who will meet in Amsterdam next week to decide how far they will go...
But the boom has not been a one way ride on the gravy train for everybody. An increasing amount of time is being lost in strikes-most recently in the auto, steel-hauling and copper industries. Unemployment is down to 4.1%, from 7% at the beginning of the upsurge, but...
Inflation could rob Johnson of the potentially powerful pocketbook issue. G.O.P. orators are already putting emphasis on the phrase "profitless prosperity." Though the President may be tempted to campaign on the theme of "You never had it so good," it is doubtful that U.S. voters will give him all the...
That "stability," to be sure, is still around the corner. Inflation has been slowed down but still saps the economy. For the first time in more than a decade, efforts have been made to balance the budget; but the austerity measures have not been completely successful. Later this month, Indonesia...