US economic growth over the near term looks to slow and inflation will likely come down, a quarterly survey by the Philadelphia Federal Reserve Bank showed.
Compared with three months ago, growth for the next two quarters was revised down most sharply.
The 51 forecasters pegged current quarter growth in real gross domestic product at an annual rate of 2.5%, down from a previous fourth-quarter forecast of 2.9%.
For the first quarter of 2007, they forecast growth at an annual 2.7%, down from 2.9%.
The US economy grew 1.6% in the third quarter, slowing from 2.6% in the three months to June.
