The economies of the U.S., Canada, Japan, and their major European trading partners grew at a slow to moderate pace over the past year. The U.S. fared best with an annual growth rate of 2.7%, while France saw the slowest growth at 0.4%.
Suggested citation: “International Developments,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-11, pp. 18-19, 11.01.1996.