The revised estimate of real gross domestic product (GDP) for the second quarter was only 0.2 percentage point higher than last month’s preliminary estimate. The resulting annualized growth rates of GDP (1.8%) and real final sales (4.6%) contained no surprises.
Suggested citation: “Economic Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-10, pp. 09-10, 10.01.1998.