US DATA: Philly Fed Livingston Survey finds expectation for continued growth and
labor mkt improvement. Econs “project that the economy’s output (real GDP) will
rise at an annual rate of 1.8 percent during the second half of 2012. They see
the growth rate of economic output increasing to 2.1 percent (annual rate) in
the first half of 2013, and they predict that it will then further increase to
2.3 percent (annual rate) in the second half of 2013. The current projection for
growth in the second half of 2012 was lowered 0.8 percentage point from the
survey of six months ago.” See

http://www.philadelphiafed.org/research-and-data/real-time-center/livingston-sur

vey/2012/livdec12.pdf