Social and Behavioral Sciences Commons^™

The 1978 Economy: Outlook And Policy, Murray L. Weidenbaum

Murray Weidenbaum Publications

This economic forecast examines trends within the major sectors of the economy to make predictions about how the American economy will fare in 1978. The overall outlook is relatively tame. The real economic growth rate will average about 4.5% in 1978 with inflation a little under 6% and a moderate decline in unemployment. All in all, 1978 is predicted to be a stable period of modest growth and prosperity.