THE ECONOMIC OUTLOOK

While not as optimistic as the administration, the author does expect fairly rapid real growth and declining inflation. He cites the advent of conservative fiscal and monetary policies, as dampeners of future inflation rates, along with moderating wage demands in the auto and steel industry. Because business inventories and staffing have become very lean after two years of stagnation, he feels the economy is posed for expansion once real growth starts increasing. Unemployment will decline as the end of post war baby boom will cause a decline in the growth of the labor force. Energy costs will increase at a slower rate, thanks to smaller increases in oil prices and the US motor vehicle fleet becoming much more fuel efficient as the less efficient 1971-1975 cars are phased out.

• Record URL:
  • https://onlinepubs.trb.org/Onlinepubs/trcircular/230/230-007.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00978515
• Supplemental Notes:
  • Report of a Workshop sponsored by the Committee on Aviation Demand Forecasting of the Transportation Research Board, held at the National Academy of Sciences, Washington, D.C., March 26-27, 1981. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Taub, L
• Publication Date: 1981-8

Media Info

• Media Type: Digital/other
• Features: Figures; Tables;
• Pagination: p. 10-14
• Serial:
  • Transportation Research Circular
  • Issue Number: 230
  • Publisher: Transportation Research Board
  • ISSN: 0097-8515

Subject/Index Terms

• TRT Terms: Automobiles; Economic forecasting; Energy; Fuel consumption; Inflation; Policy; Productivity; Unemployment
• Subject Areas: Economics; Energy; Highways; Policy; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00342091
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Dec 22 1981 12:00AM