Against the Tide

Real Gross Domestic Product (GDP) in the United States increased 4.0 percent in 1994, the highest growth rate since 1984. But the inability of consumers to maintain their torrid spending pace, capacity constraints in the production sector, and recent hikes in interest rates by the Federal Reserve are indications that the national economy is headed for a slowdown.

Volume: 3 - Number: 1

Leading Index Title:

Special Topic Title: Importance of Manufacturing


  • Dick Conway
  • Doug Pedersen