The nation’s economy will continue to expand...
The nation’s economy will continue to expand in 1989 but growth will slow slightly, according to a report by a panel of economists sponsored by the Conference Board. The group projected that real gross national product will rise about 2.5% this year, down from about 2.7% in 1988. The group also projected that inflation would rise to 5% from 4.2%, the prime rate would hold steady at about 10.5% and unemployment would increase slightly to 5.5%.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
