Understanding World Events and Trends - Plain Truth Staff - January 1985

Plain Truth Staff

NEWS OVERVIEW - When Big Banks Totter! The Orwellian year 1984 ends not with a world dominated by socialistic countries, but with a Western Hemisphere filled with jittery capitalists. And it is all so strange. Rising shakily from deep recession, the United States' economy hit full stride by early spring with surprisingly high employment and production figures . Despite an enormous federal deficit, the economy gainsaid doom saying economists and financial forecasters whose faces reddened with embarrassment. But the 1982-83 worldwide recession took its toll. - Information Supplied By: Herbert W Armstrong Library