ABC Evening News for Thursday, Jul 18, 1974
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(Studio) Govt. reports gross national product declines by 1.2% in past 3 mos. Prices rose at annual rate of 8.8% in 2nd quarter
REPORTER: Howard K. Smith
(DC) [Commerce Secretary Frederick DENT - thinks recession too severe a term to be applied to 1st quarter Long term projections for inflation outlined.] Many people skeptical of optimistic projections.
REPORTER: Herbert Kaplow
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