May 25, 1995 in Nation/World

Pacific Rim Boom Shows Signs Of Age

From Staff And Wire Reports

The economic boom in the Pacific Rim is slowing, but it’s far from over, according to a study released Wednesday.

“Strong economic growth rates of 4.1 percent and 4 percent are forecast for 1995 and 1996, respectively, moderating from a booming 4.7 percent in 1994,” the Pacific Economic Cooperation Council said in an annual report.

The U.S. economy is expected to grow 3.3 percent in 1995 and 2 percent in 1996, the report said.

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