Slow Is Safer

July 1976
Time;7/12/1976, Vol. 108 Issue 2, p74
The article focuses on the June 1976 Puerto Rico summit on economic issues attended by U.S. President Gerald Ford and six fellow world leaders, including British Prime Minister James Callaghan, Japanese Premier Takeo Miki, and French President Valery Giscard d'Estaing. It says that the leaders were concerned that the global recovery might be keeping too quickly. It states that inflation was the warning sign, proven by faster price hikes from January through May than in 1975 in Great Britain, Japan, and Italy. It states that the leaders decided to reduce unemployment rates persisting in several countries as a solution. In addition, the leaders expressed their determination to complete by the end of 1977 the multilateral trade talks in Geneva, Switzerland for further trade liberalization.


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