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Economy / Greenspan #236967

CBS Evening News for Monday, Jan 06, 1975
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(Studio) Econ. adviser Alan Greenspan gives gloomy report
REPORTER: Walter Cronkite

(DC) Greenspan talks to Congress Joint Econ. Committee [GREENSPAN - says 1975 econ. outlook not pleasant. Cites less production and more unemployment.] Expects housing and auto industry economy improvements by mid.-yr. [GREENSPAN - says auto and housing turnaround and finish of inventory readjustment should lift total production in 2nd 1/2 year Unlikely to affect unemployment.] Hints something dramatic being planned. [GREENSPAN - says gloom should be dissipated. Will improve things more than policy action will.] He sees inflation going down to 6-7%.
REPORTER: Nelson Benton

Benton, Nelson;
Cronkite, Walter

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