Inflation forecast: down 2 points in '82
New York — The nation's inflation is expected to fall substantially next year and decline even further in 1983, the Conference Board reports in its latest survey of financial indicators.
Senior financial executives of leading US nonfinancial corporations project that inflation will average 7.8 percent in 1982, down from the current annual rate of 9.4 percent. The rate is expected to fall to 7.3 percent in 1983. The executives have sharply lowered their estimates for US economic growth. Real gross national product - with inflation factored out - is expected to average only 2.2 percent in 1982, down from a 3.7 rate forecast earlier this year. For 1982, real GNP is expected to average 3.5 percent.