12.10.2015
The Livingston Survey which began in 1946 is the oldest continuous survey of economists’ expectations. The Federal Reserve Bank of Philadelphia has released results from the December survey. Bob Chase senior economist at EPR has been a member of the Livingston Survey since the early 1990s.
Forecasters project that real GDP will grow at an annual rate of 2.1% for the second half of 2015 and 2.5% for the first half of 2016. They predict that unemployment will decline to 4.9% in December 2015 and 4.8% in June 2016 lower than previous estimates.
The full report is available below as a PDF:
