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Economic Activity

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According to the Commerce Department's final figures, the economy expended at a 2.2% annual rate in 1996:IQ. The initial estimate of 2.8% was revised downward primarily because of a massive drawdown of inventories.

Suggested citation: “Economic Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-07, pp. 09-10, 07.01.1996.

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