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Seventh District Midyear Review: Economic Growth Continued to Be Solid in the First Half of 2024
Abstract: Overall, economic growth was steady during the first half of 2024 in both the nation and the Seventh Federal Reserve District.1 Real gross domestic product (GDP) growth slowed some in both, but employment growth was up, especially in the District. Over the last few years, the District has almost always lagged the nation in both real GDP and employment growth, continuing a decade-long trend. Slower growth and slower inflation often go hand in hand, and recent data indicate inflation has indeed been somewhat lower in the Midwest.
Keywords: Regional economy;
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File(s): File format is text/html https://www.chicagofed.org/publications/chicago-fed-insights/2024/seventh-district-midyear-review-2024
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Provider: Federal Reserve Bank of Chicago
Publication Date: 2024-08