PHILADELPHIA - According to 34 forecasters surveyed by the Federal Reserve Bank of Philadelphia, the short-term outlook for economic growth has improved since last quarter's survey.
The forecasters now see real gross domestic product growing at 2.8% in 1993, up four-tenths of a percentage point from the last survey. Average growth over 1994 is also expected to be 2.8%, unchanged from the previous survey. Stronger fourth-quarter growth will not affect the unemployment rate, according to the forecasters. They see unemployment continuing to average 6.9% in 1993 and dropping to 6.6% in 1994.