Estimates for GDP growth were down a little from previous estimates, according to 39 forecasters surveyed by the Federal Reserve Bank of Philadelphia.
The professional forecaster now expect real GDP growth of 1.8% this quarter, off from the earlier estimate of 2.2% growth, and in the next three quarters they see growth at 2.1%, compared to their prior estimate of 2.2% expansion.
The 2.2% growth in 2012 is unchanged from the earlier estimate. The forecasters see growth of 2.0% in 2013, 2.7% in 2014, and 2.9% in 2015.
Unemployment estimates were also revised down slightly, with projections of an annual average of 8.1% in 2012, 7.8% in 2013, 7.4% in 2014, and 6.9%.