The favorable economic progress made in the United States in 1995 can only be viewed as positive for us domestically and for the world as a whole. As I look around the world certainly there are pockets of problems - some of them severe - but in general, the macroeconomic data are reasonable. These include decent rates of real growth, dear progress against inflation, and the recognition of and commitment to solve the twin problems of domestic budget and foreign trade deficits. All of these areas of progress augur well and reflect, to greater or lesser degrees, not just a cyclical upturn but, even more importantly, sustained patterns of solid economic performance amid a series of worldwide trends.

Complete Report (5.3MB)

Thoughts on Global Issues:
President's Economic Commentary (1.7MB)
by Cathy E. Minehan

Financial Statements (380K)