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Show What's Ahead In 1947? If you want to know what is likely to happen in 1947, you may be interested in the predictions predic-tions of the Bureau of Agricultural Agricul-tural Economics, which has a good record in connection with predicting what is about to happen hap-pen in the near future in this country. The Bureau says that the national na-tional income will climb to $175,- 000,000,000 next year but will start tapering off toward the end of the year. This compares with the estimated $165,000,000,- 000 for 1946, which is the highest high-est on record to date. A decline in industrial production pro-duction during the latter part of 1947 is based upon the belief that the backlog of consumer de-! mand for industrial products will become more nearly satisfied, with the exception of automobiles automo-biles and housing. While calling attention to the prospective increase in the national na-tional income, the Bureau says that the net income of agricul- 1 ture may drop as much as ten or fifteen per cent. This is based upon the belief that consumers will devote buying power to industrial in-dustrial goods and the fact that farm production costs are ex-I ex-I pected to increase. |