Economists participating in the Blue Chip survey anticipate a 2.4% rate of real economic growth in 1995:IVQ — well below last quarter's 4.2% advance. The recent flatness in industrial production and hours worked seems consistent with this slowdown. For all of 1995, the Blue Chip panel foresees a growth rate of approximately 3.2%. Economists estimate the nation's long-term growth potential at roughly 2.5% per year.
Suggested citation: “Economic Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 95-12, pp. 08-09, 12.01.1995.