Econintersect: Livingston Survey economists, who conduct a survey by the Federal Reserve Bank of Philadelphia twice a year, project in their June 2012 survey:
- GDP growth rising from 2.1% (from their last survey) to 2.2% (annual rate) in the first half of 2012
- GDP growth is then projected to rise from their last projection of 2.5% to 2.6% in the second half of the year.
- The unemployment rate was last projected to be 8.9% in June 2012, and 8.7% in December 2012 – and is now projected lower at 8.1% and 8.0% respectively.
The following tables show the migration of forecasts since the last survey.
Source: Philly Fed