Publication Type
Report
Version
publishedVersion
Publication Date
6-2023
Abstract
The 15 participants in the June Livingston Survey predict higher output growth for the first half of 2023 than they predicted in the December 2022 survey. The forecasters, who are surveyed by the Federal Reserve Bank of Philadelphia twice a year, now project that the economy’s output (real GDP) will grow at an annual rate of 1.1 percent during the first half of 2023. They expect weaker conditions in the second half of 2023, when growth is expected to be at an annual rate of -0.7 percent. Both projections represent upward revisions from those of the December 2022 survey. Growth is expected to average an annual rate of 1.0 percent in the first half of 2024.
Keywords
Economic forecasting, GDP growth, real GDP
Discipline
Finance and Financial Management | Growth and Development
Research Areas
Finance
First Page
1
Last Page
8
Publisher
Federal Reserve of Philadelphia
City or Country
Philadelphia, PA
Embargo Period
6-18-2023
Citation
Anderson, S.; Bovino, B.; Brown, M.; LAM, Thomas; and al, et.
The Livingston Survey 2023. (2023). 1-8.
Available at: https://ink.library.smu.edu.sg/skbi/29
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://www.philadelphiafed.org/-/media/frbp/assets/surveys-and-data/livingston-survey/2023/livjun23.pdf