U.S. BALANCE OF PAYMENTS
“Improvement In 1961” NEW YORK. December 27. The United States balance of payments “could improve perceptibly,” from a deficit of 2500 million dollars in 1960 to 2000 million dollars or less in 1961, according to the annual 18-month forecast of “Fortune” magazine. It said the outflow of shortterm capital, which may have run at a rate as high as 3000 million dollars a year during the last summer, “should soon stop altogether” as interest rates abroad continued to be brought into line with rates in the United States. It said:
“Fortune” said that the United States economy was “heading into a broad advance” that would produce a “sizeable boom” within a year’s time.
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Press, Volume XCIX, Issue 29398, 28 December 1960, Page 9
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117U.S. BALANCE OF PAYMENTS Press, Volume XCIX, Issue 29398, 28 December 1960, Page 9
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