Announcing diverse information sources on call at the Commission Library Signalant diverses sources d'information disponibles à la Bibliothèque de la Commission N°13 π 1988 (Brux. JECL 1/33 - Tel. 52976 *** Lux. JM BO/10 - Tel. 3341) DOCUMENT INTERNE rZ->& Economie Report Shelf number of the President 338/295 WASHINGTON : 1988 '"^-7^* CONTENTS Page ECONOMIC REPORT OF THE PRESIDENT 1 ANNUAL REPORT OF THE COUNCILOF ECONOMICADVISERS 11CHAPTER1.THEU.S.ECONOMY: PERFORMANCE AND PROSPECTS . 19 CHAPTER2.RISINGEMPLOYMENT, PRODUCTIVITY, AND INCOME.... 57 CHAPTER3.ADJUSTMENT AND GROWTH IN A CHANGING WORLD ECONOMY89 CHAPTER4.EXPANDING TRADE AND AVOIDING PROTECTIONISM...127CHAPTER 5. KNOWLEDGE, MARKETS, AND ECONOMICPROGRESS....163R 6. AIRLINE DEREGULATION: MAINTAININGTHEMOMENTUM 199APPENDIX A. REPORT TO THE PRESIDENT ON THEACTIVITIESOFTHECOUNCIL OF ECONOMIC ADVISERS DURING 1987231APPENDIXB. STATISTICAL TABLES RELATING TO INCOME,EMPLOYMENT, AND PRODUCTION 241ECONOMIC REPORT OF THE PRESIDENT TO THE CONGRESS OF THE UNITED STATES: My first Economic Report, issued in 1982 after a year in office, could look only to the future for encouraging economic news. The task of rebuilding the economy was just beginning, and hard choices were being made. Inflation had begun to come down from double-digit rates, but America was mired in recession, its second in as many years. Today, however, we can point to real, solid economic progress.