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Economists Predict Slow Growth in 1988

February 03, 1988|From Reuters

CHICAGO — Midwestern business economists polled by the Chicago Federal Reserve on Tuesday predicted that the U.S. economy will continue to grow in 1988, although at a slower pace than last year.

Fueled by strong sectors including industrial production, capital spending and exports, U.S. gross national product was predicted to grow at a 2.3% in 1988, compared to 2.7% in 1987, based on the median forecasts of 26 economists polled by the Federal Reserve.

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