Economic Forecasters More Optimistic about 2010

The Philadelphia Federal Reserve Bank just released its quarterly Survey of Professional Forecasters, which shows more optimism about 2010, and a little more optimism regarding 2011.  Here's the picture of the new forecasts compared to the old:

GDP Phil Fed

The change isn't dramatic, but I recommend looking at these consensus forecasts in two ways:

  1. What's the forecast?
  2. How has the forecast changed?

So the forecast itself shows moderate growth, and the direction of the change in the forecast is positive.

For other sources of consensus forecasts (as well as sources of economic data), check out the Resources for Readers of Businomics.  (You don't have to own a copy of the book to use the Resources for Readers–but you should!)