ABC Evening News for Tuesday, May 20, 1975
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(Studio) gross national product falls 1st quarter of `75 for annual rate of 11.3%. Biggest 1 quarter decline since government began collecting statistics in 1947. Corporate profits down 22% during same period.
REPORTER: Howard K. Smith
(DC) Despite bad figures, experts probably won't chance predictions about upturn in economy soon. gross national product figure shows country has slipped backward 3 years Importance of healthy corporate profits on economy discussed.
REPORTER: Dan Cordtz
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