GROWING DEFICITS EXPECTED IN WAKE OF OIL‐PRICE RISE
Accelerating recessionary forces coupled with further painful increases in cost of living are foreseen Dec 24 in W Eur and in other industrialized and developing countries in wake of doubling of price of crude oil by major Persian Gulf exporting states; EEC comm estimates prolonged oil crisis could double unemployment and plunge Eur into deep recession; situation in specific countries discussed
