Business Economists Forecast Continued Growth
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WASHINGTON — President Reagan should be able to leave the White House with the U.S. economy still expanding, but the next administration may have to combat a recession during its first year in office, the nation’s business economists predicted Monday.
The National Assn. of Business Economists said that the United States, already enjoying the longest peacetime expansion on record, should have continued economic growth this year and through 1988.
But 56% of the economists surveyed for the report picked 1989 as the most likely year for the next recession to begin.
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