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April 19, 1958

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Headlines from April 19, 1958

8 BILLION DEFICIT EXPECTED IN '59; OUTPUT DECLINES; Spending Seen Up 4 Billion, Revenues Down 4 Billion -- Gross Product Dips TAX CUT WARNING GIVEN Anderson Urges Resistance to 'Expedients' That May Bring New Inflation 8 BILLION DEFICIT FORESEEN FOR '59

By Edwin L. Dale Jr.special To the New York Times

Pres Council of Econ Advisers estimates gross natl product (GNP) fell to $424-billion annual rate, 1st qr; large depletion of inventories, slight drop in consumer spending, other factors cited

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Historical Context for April 19, 1958

In 1958, the world population was approximately 2,911,249,671 people[โ€ ]