Livingston Survey: 2d-Half Recovery

Siegel, Gary E.
June 2003
Bond Buyer;6/23/2003, Vol. 344 Issue 31662, p2
Trade Publication
The U.S. economic recovery will begin at the end of 2003 and will continue through 2004, according to the 30 economists who responded to the Federal Reserve Bank of Philadelphia's Livingston Survey, released on Friday. While predictions for real gross domestic product growth in the first half of 2003 were reduced, the forecasters predict 3.5 percent gross domestic product growth for the second half of the year, and 3.8 percent for the first half of next year. The survey suggested that unemployment rate will decrease from 6.1 percent in June 2003 to 5.9 percent in December 2003 and 5.7 percent by June 2004.


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