Survey of Professional Forecasters

about that, what's in the US SPF slightly lowered forecasts of GDP growth already wrote. truth, on 2011 look almost the same. although in the structure of the distribution of forecasts in marginal quantiles less than zero there were more votes.

Really, one day earlier European SPF turned out to be very bright, compared to the previous. Yes, certainly,European growth rates are significantly worse than American. but even such a marginal growth of optimism instills distrust in me. I understand, that the latest data came out better than forecasts. export, decline in euro, well well.. looks like it, that now we have a classic example of, how the previous downside creates a subsequent upside out of the blue when adjusting is obviously unrealistic (by time) negative expectations.

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