Foreign Output and Prices
Foreign economic activity continues its moderate expansion, while inflation pressures remain subdued. Economists, who notched up their outlook after a better-than-expected fourth quarter, anticipate that growth among our 10 largest industrial trading partners will average approximately 2.5% this year and next.
Suggested citation: “Foreign Output and Prices,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-04, pp. 18, 04.01.1997.