The economy is not looking as strong as it did three months ago, according to the Federal Reserve Bank of Philadelphia’s survey of professional forecasters, which was released Friday.

The projection for real gross domestic product growth in the second quarter was dropped to 3.2% from 3.5%, but for the next two quarters the estimates were raised to 3.4% and 3.5% from 3.1% and 3.4%, respectively.

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