Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2006 Survey of Professional Forecasters on 13 November. The rate of growth in U.S. output over the next few quarters looks slower now than it did just three months ago, according to 51 forecasters surveyed.

The largest downward revisions to growth occur in the next two quarters, when the forecasters expect real GDP to grow at an annual rate of 2.5 percent in the current quarter, down from their previous estimate of 2.9 percent

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