Winter's recession fears have melted away, but forecasted growth rates - approximately 2% this year and next - remain below historic norms. Many economists, however, regard this rate as compatible with sustained expansion in an economy operating at high levels of industrial capacity and employment.
Type: Economic Trends
Suggested citation: “Economic Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-04, pp. 08-09, 04.01.1996.