Gross domestic product increased at a surprisingly strong 5.2% annual rate in 2000:IIQ, according to the advance estimate. The Blue Chip median forecast had been only 3.6%, and it continues to predict growth in the 3% range for the second half of the year.
Suggested citation: "Economic Activity," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-08, pp. 09-10, 08.01.2000.