Data show the economic slowdown is upon us

It's been confirmed--the long-awaited economic slowdown is in progress. The Federal Reserve's efforts to slow the economy down, which began in February 1994, are bearing fruit. Real (inflation-adjusted) gross domestic product (GDP) grew 4.1 percent in 1994. In the fourth quarter of that ye...

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Bibliographic Details
Published inEastern Pennsylvania business journal Vol. 6; no. 18; p. 18
Main Author Markstein, Bernard M
Format Journal Article
LanguageEnglish
Published Dallas 08.05.1995
Subjects
Economic conditions
Economic forecasts
Economic growth
Economic slowdowns
GDP
Gross Domestic Product
Housing starts
Interest rates
Inventory
Middle Atlantic
Treasury bills
Unemployment
PA
Allentown
United States > US
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Summary:It's been confirmed--the long-awaited economic slowdown is in progress. The Federal Reserve's efforts to slow the economy down, which began in February 1994, are bearing fruit. Real (inflation-adjusted) gross domestic product (GDP) grew 4.1 percent in 1994. In the fourth quarter of that year, it grew at a sizzling 5.1 percent pace. Now, according to a preliminary estimate by the U.S. Commerce Department, growth has slowed to 2.8 percent in the first quarter of 1995. This number needs to be taken with a grain of salt. The estimate of first-quarter growth--based on incomplete data for imports, exports and inventories--is subject to revision as more data become available. (excerpt)
ISSN:2169-219X
2169-236X