Magazine content is available exclusively for TIME subscribers.ANOTHER RECESSION?: When & If, It Should Be Mild & Brief
WITH the boom still picking up speed, most U.S. economists have stopped worrying about the present, started looking into the future to answer a prime question: When will the U.S. have another recession? They have little doubt that a slowdown will come. "One of the outstanding facts of the postwar economy is the re-emergence of the classic business cycle," says Presidential Economic Adviser Don Paarlberg. Other economists throughout the land are in surprising agreement that business will boom into 1960, slump somewhat in 1961.
They based their forecast on the fact that each postwar cycle has had two or three years...
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