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February 2000, No. 150a
Last Updated: 01/20/2000

Economic Outlook for Y2K is A-OK (Special Issue)

William A. Strauss

After growing by 4.5% during 1997 and by 4.3% during 1998, the economy slowed down a bit in the first half of 1999, expanding in the first quarter by 3.7% and in the second quarter by just under 2%. However, the economy found its wings in the third quarter and grew by a robust 4.8%. The consumer was the key driving force during 1999.