The R-word is heard again

The GDP report for the 1st qtr. of 1995 is discussed. GDP increased at a 2.7% real annual rate while consumer spending grew by 1.8%. Housing and residential investments fell at a 2.3% real annual rate while business capital spending remained high. An economic recession is also being foreseen in the future due to signs of weaking in the economy and the cyclical pattern of business.