Caption: Now's time to control inflation:economist By GREGORY SKWIRAFree Press Business WriterThe good news from economist Paul McCracken Monday was that the nation has a better than 50-50 chance of avoiding a recession in 1979, But he also predicted economic growth will slow to a trickle by the end of the year and that the slow pace will continue through most of 1980.McCRACKEN,a University Michigan professor and former chairman of Richard Nixon.s Council of Ecomomic Advisers, toldreporters before a speech to the Detroit EConomic Club that the coming slowdown can be seen as an opportunity ratherthan a cause for panic.if the Carter administration and Congress can resist political pressure to hypo the economy with a dose of new spending,he said the nation can make solid progress during 1979 and 1980 toward long-term reductions in the inflation rate.
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