Publication Type

Report

Version

publishedVersion

Publication Date

12-2022

Abstract

The 16 participants in the December Livingston Survey weakened their forecasts for real GDP growth, compared with their projections in the June 2022 survey. The forecasters, who are surveyed by the Federal Reserve Bank of Philadelphia twice a year, expect 2.0 percent annualized growth in real GDP during the second half of 2022. They project 0.4 percent annualized growth over the first half of 2023. The forecasters predict that real GDP will continue to decline and reach -1.0 percent annualized growth in the second half of 2023.

Keywords

Economic forecasting, GDP growth, real GDP

Discipline

Finance and Financial Management | Growth and Development

First Page

1

Last Page

8

Publisher

Federal Reserve of Philadelphia

City or Country

Philadelphia, PA

Embargo Period

12-19-2022

Copyright Owner and License

Publisher

Additional URL

https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/livingston-2022-12

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