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Administration / Economy Forecast #482997

NBC Evening News for Friday, May 30, 1975
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(Studio) Admin.'s economy forecast for `75 somewhat more disappointing than 1st expected. Unemployment to average 8.7% for year; overall production to decrease 3.6.; inflation close to 9.1%.

(DC) Budget deficit could hit $60 billion for year [Chairperson economy advisers Alan GREENSPAN - thinks unemployment to peak somewhere around 9% in next several mos. then begin to drop.] [Budget director James LYNN - thinks economy bottoming out. Congress may take 2nd look at President' reduction proposals.] Lynn to recommend President continue vetoing unnecessary spending bills.
REPORTER: Ray Scherer

Hart, John;
Scherer, Ray

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