The Future of the Economy in the year 2000

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…other problems develop. Consumer price inflation could increase significantly in the next few months because of the recent oil price rise. Slower growth prospects may inhibit the flow of investments into the industry. This, in turn, may trigger an economic recession and unemployment. If, however, OPEC increases production, the fear of inflation could lessen and long-term Treasury interest rates could move lower. In this case, a disastrous scenario of the US economy may be avoided.