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the inflation rate is stable at 1.7%, unemployment is at its lowest level in over 20 years (4.7%), and the consumer confidence in the economy is still very high.
The near future also looks rosy: producers' durable equipment spending is expected to rise by 10%, indicating that the economy is still anticipating an upward trend. In fact, industrial production is expected to rise at a rate of 4.2% for 1998. GDP growth is expected to lie between 2.5 and 2.8% for '98 only a moderate decline from 1997's over 3%. The same goes for the unemployment rate, which is projected to remain fairly stable at 4...
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