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Toward Full Potential. Looking ahead, the report predicted for 1964 "a significant acceleration in the growth of output" and a G.N.P. that could go as high as $628 billion. But it warned that its forecast was based on quick congressional passage of the Administration's $11 billion income tax cut. Even a month's delay could reduce the G.N.P. gain by $2 billion...

Author: /time Magazine | Title: The Economy: Lauding & Lamenting | 1/24/1964 | See Source »

...billion he predicted shortly after he took office, it will still be the largest budget in the nation's history. Still left would be a deficit in the neighborhood of $10 billion. Johnson is expected to tell Congress in his budget message later this month that the forecast of $90 billion in revenues for fiscal '65 is partly dependent on early enactment of the $11 billion tax-cut bill. One trouble John Kennedy had in drumming up support for the bill was critics' complaints that he had not reduced federal spending. Lyndon Johnson has worked hard...

Author: /time Magazine | Title: Nation: Hitting the Target | 1/10/1964 | See Source »

...only a little better," says one Canadian official), Canada's entire economy showed impressive growth for 1963. Gross national product grew 6% to a new record of $42.5 billion, exports jumped 8%, and foreign-exchange reserves for November stood at a near-record $2.6 billion. The forecast for 1964: more of the same...

Author: /time Magazine | Title: Canada: Spreading Wealth | 1/3/1964 | See Source »

PROJECTION '64 (NBC, 10-11 p.m.). NBC correspondents around the world review the events of 1963 and forecast those of 1964. Color...

Author: /time Magazine | Title: Television: Dec. 27, 1963 | 12/27/1963 | See Source »

...loyal support and cooperation," then predicted that 1964 would be as good for business as 1963 has been. At a Florida meeting of the Investment Bankers Association, President David J. Harris predicted a high-level economy next year and plenty of business for securities underwriters. In their annual forecast, economists of the giant Prudential Insurance Co. looked for "a continued high level of consumer and business confidence." And many top-drawer economists at a New York meeting of the National Association of Business Economists said that they were inclined .to boost their forecasts of 1964 business activity...

Author: /time Magazine | Title: State of Business: Banish Your Fears | 12/13/1963 | See Source »

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