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Show i-cunomic activity alter the turn of the year. But even bctore then, there will ho smatterings of modest improvements For example, home building could commence to edge upward by late summer, and should be followed shortly thereafter by auto production SHARP REBOUND NOT LIKELY However, the scattered signs of economic revival which we expect to see won't he enough to reverse tho downtrend in overall business before year's end. Moreover, the odcLs are against an outburst of strength in Die ensuing recovery phase. Although the upsurge of inflationary pressures has now U-en arrested, deceleration will be slow and this will militate against any rapid revival of consumer and business confidence. |