The Securities Industry and Financial Markets Association roundtable of economists lowered its 2013 GDP forecast to 1.9%. Mid-way through last year they were forecast 2.1%.
The consensus is 2.0% and the Fed aggregate is 2.65%.
Resolution of fiscal policies and the recovery of the real estate market were the most oft-cited upside risks to the forecast, while Eurozone issues remain downside risks to the forecast
Some Fed members were talking about 3% growth last week. Anything is possible but it will take a long string of upside data surprises to get there.
