UCLA forecast an increase in the GNP.
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Growth in the gross national product will perk up in 1987 and 1988 after two years of below-average performance, the UCLA Business Forecast Project said. “The substantial decline in the U.S. dollar is beginning to raise prices of imported goods relative to domestic products, stimulating export growth and holding down increases in imports,” said Lar1920540747the import-export turnaround, GNP this year will rise 4.4%, more than double its 2.1% rate in 1986, Kimbell said.
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