ADMINISTRATION CUTS 1986 ECONOMIC PROJECTIONS; BOOSTS 1987 ACTIVITY

The Journal Record | July 26, 1986| | Copyright

WASHINGTON - The Reagan administration, in a preliminary review of the economy at mid-year, has trimmed its growth estimate for 1986 b ut substantially boosted projections for economic activity next year, officials said Friday.

The administration's forecast, which will be revised before being issued, has reduced its projection for growth this year, as measured by the gross national product, to 2.6 percent, down almost a full percentage point from its February estimate of 3.4 percent growth.

This revision was expected because the economy from January through June has performed far below the ...

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