Economic outlook for 1982

81 Dr. A. James Meigs Senior Vice President & Chief Economisr First Interstate Bank

IWOULD like Ito concentrate on one majorquestion: Will the Reagan Program work?

The Reagan Program is a revolution w hich aims to change the direction of the U.S. economy for years to come. It will have major effects in the rest of the world. It is meeting intense skcpticism in financial markets and great hostility and opposition in many quarters. Our conclusion is that there will be significant progress torvard meeting the objee tir e5 ol' Ihe program in 1982. Wc ricw 1982 as a rurning point.

Improvement in the West's economy will depend largely on

Story at a Glance

The Reagan Program willwork .'82 a major turning point. .. West will do better than the rest of the U.S. some recovery in home building due to lower interesl rates.