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Economic Activity

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GDP growth in 1999:IIQ has been revised downward from an advance estimate of 2.3% to a preliminary estimate of 1.8%, which primarily reflects a higher estimate of imports and a lower estimate of business inventories, factors that more than offset an upward revision of personal consumption expenditures.

Suggested citation: "Economic Activity," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-09, pp. 09-10, 09.01.1999.

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