Last month, the federal government's fiscal and economic update
contained average forecasts made in October by a group of private - sector economists.
Not exact matches
The February report, however, did
contain some less encouraging news on wages, with
average hourly earnings weaker than
forecast, sliding 0.1 % month - on - month compared with January's 0.5 % expansion, and the annual rate falling 0.3 % from the previous month to 2.2 %.
But on the other hand, market
forecasts contain term premiums that are on
average positive, implying that market expectations for Fed policy should also be biased to the upside.
It's 3.5 per cent growth for Darling; according to the November edition of the
forecasts summary (which
contains longer - term figures that the most - recent), an
average of 21 independent forecasters puts growth in 2011 at just 2 per cent, and 2.3 per cent in 2012.