The outlook for growth in the U.S. economy over the next three years looks mostly unchanged from that of three months ago, according to 46 forecasters surveyed by the Federal Reserve Bank of Philadelphia.

The panel expects real GDP to grow at an annual rate of 2.1% this quarter and 2.3% next quarter and to rise to 2.7% in the first quarter of 2014. On an annual-average over annual-average basis, the forecasters see real GDP growing 1.9% in 2013, down slightly from the previous estimate of 2.0%. The forecasters predict real GDP will grow 2.8% in 2014, 2.9% in 2015, and 3.0% in 2016.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.