The Livingston Survey 2023

• Main Authors: Anderson, S., Bovino, B., Brown, M., LAM, Thomas, al, et
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Economic forecasting; GDP growth; real GDP; Finance and Financial Management; Growth and Development
• Online Access: https://ink.library.smu.edu.sg/skbi/29; https://ink.library.smu.edu.sg/context/skbi/article/1028/viewcontent/livjun23.pdf
• Institution: Singapore Management University

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.