OTHER NEWS - Oct. 16, 1992

Bush Economist Sees Continued Slow Recovery: Michael J. Boskin, chairman of the President’s Council of Economic Advisers, said the economy will continue to grow slowly because of such problems as lower consumer and business spending, reduced defense spending and slow commercial lending. He told the Los Angeles Area Chamber of Commerce’s business outlook conference that he is “cautiously optimistic” about longer term economic performance, especially if George Bush is reelected. Boskin, whose previous plans to leave his post were cemented by President Bush’s announcement that he will install new economic advisers if reelected, said he has made no move to find a new job. Boskin is on leave from Stanford University.