ABC Evening News for Wednesday, Mar 12, 1975
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(Studio) Econ. adviser Alan Greenspan tells Congress he won't be surprised if cntry,'s unemployment rate hits 9% soon and remains there for several mos. Greenspan predicts significant drop in real GNP.
REPORTER: Harry Reasoner
(NYC) Pennsylvania's Wharton School of Finance reports gross national product to be down this quarter; private wage payments fall; unemployment to stay near 8% all through `76. Agriculture Secretary Earl Butz says big food price increases behind us. Economists for 1st National City Bank point out whsle. prices for processed foods going down 18% per year; retail prices incring. at slower rate.
REPORTER: Dan Cordtz
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