From the Federal Reserve of Philadelphia
The 33 participants in the December Livingston Survey predict sustained output growth through the end of 2014. The forecasters, who are surveyed by the Federal Reserve Bank of Philadelphia twice a year, project that the economy’s output (real GDP) will grow at an annual rate of 2.4 percent for the second half of 2013. They predict that the growth rate of economic output will increase to 2.5 percent (annual rate) in the first half of 2014 and 2.8 percent (annual rate) in the second half of 2014. The current projection for growth in the second half of 2013 increased 0.1 percentage point from the survey of six months ago, while the forecast for the first half of 2014 decreased 0.3 percentage point.
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