Fourth Quarter 2020 Survey of Professional Forecasters Predict Slower Near-Term Growth but Brighter Outlook for Employment
from the Philadelphia Fed
The outlook for real GDP growth in the next few quarters looks weaker now than it did three months ago, according to 37 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict the economy will expand at an annual rate of 4.0 percent this quarter, lower than the prediction of 5.8 percent from the previous survey. On an annual-average over an annual-average basis, the forecasters expect real GDP to decrease 3.5 percent this year but to recover and grow at an annual rate of between 2.1 percent to 4.0 percent over each of the following three years.
Source: http://econintersect.com/pages/releases/release.php?post=202011161214
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