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Economic Perspectives
Vol. 4, No. 1, 1978
Last Updated: 01/31/1978

Review and Outlook: 1977–78

As 1978 gets under way, prospects appear favorable that the expansion that began in the spring of 1975 will continue through another year. Developments in the states of the Seventh Federal Reserve District—Illinois, Indiana, Iowa, Michigan, and Wisconsin—have paralleled national trends, allowing for differences related to their mix of industries.