Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia has published its First Quarter 2005 Survey of Professional Forecasters. Economic growth in the first half of 2005 looks stronger now than it did three months ago, according to 36 forecasters surveyed.

The forecasters expect growth in real GDP to average an annual rate of 3.7 percent over the next two quarters, marking an upward revision from their estimate of 3.4 percent in the survey of three months ago. For the year, the forecasters expect growth on