The Survey of Professional Forecasters is the oldest quarterly survey of macroeconomic forecasts in the United States. The survey began in 1968 and was conducted by the American Statistical Association and the National Bureau of Economic Research. The Federal Reserve Bank of Philadelphia took over the survey in 1990.
SKBI Principal Researcher, Thomas Lam, has been participating in the Survey of Professional Forecasters over the years.
The Survey forecasts lower current-quarter growth, followed by stronger growth over subsequent quarters.
The Survey forecasts faster pace of economic rebound with stronger labor markets.
The Survey forecasts stronger economic rebound with lower unemployment.
The Survey forecasts slower near-term growth in the US but brighter outlook for employment.