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Show Recovery slow, predicts bank The outlook for the United State's economy in 1981 suggests a slow pace of .economic recovery according to Francis W. Betenson,-Vice Betenson,-Vice President, Manager, Cedar City Office, quoting the "First Security Newsletter." The quarterly report, which will be published this week, is edited by Dr. Kelly Matthews, vice president and chief economist for First Security Corporation, regional bank holding company. Inflation and interest rates are expected to remain high by past standards, but the extreme ex-treme volatility in financial markets may be i dampened. Little, if any, ' growth is expected during the first half of the year, but a more favorable economic climate is anticipated by the second half of 1981. Interest rates are expected to ease modestly during the first half of 1981. The reduction in both short and long-term rates will be less pronounced than the steep slide which occurred in the second quarter of 1980. This analysis is based primarily upon the assumptions that inflation in-flation will remain near 10 percent and that business activity (reflecting the demand for credit) will weaken during the first quarter of 1981. . The ecomomic outlook for Utah in 1981 indicates an improving business and financial climate. The realization of this forecast will, however, most critically be influenced in-fluenced by national economic policies and the resulting trends in interest in-terest rates and inflation. The economic difficulties dif-ficulties which characterized charac-terized the national economy in 1980 were also clearly evident in Utah. In many sectors 6f 1 the economy, growth rates in 1980 were the slowest of the past decade. |