Uh-Oh: The Pro Economists Just Turned More Bearish On 2011

The latest survey results from the Survey of Professional Forecasters, put out by the Philly Fed, is out and it’s kind of a bummer.

The GDP estimate for 2011 is now 2.2% vs 2.8% the last time they took the survey.

On the other hand, they’ve upped their estimates for 2013 (shot, grain of salt, in hand) so that’s good!

You can see that more economists are now in the 2.0%-2.9% than they were before

In 2013, more are in the 3.0-3.9% range than before

Unemployment still in the nosebleed territory

2013 unemployment is worse than previous expectations

The good news: NOBODY sees core deflation next year.

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