THE LEDGER 2023's economic predictions The possibility of a recession is looming, with some economists saying it's already arrived. In Bloomberg's November 2022 economic survey, economist respondents predicted a slowing economy with rising interest rates and declining real GDP. 62.5% PREDICTIONS Real GDP is predicted to slow 5.9% 2021 1.8% 2022 0.4% 2023 The consumer price index will drop 4.7% 2021 8.1% 2022 4.3% 2023 Unemployment will stay below 2021 levels 5.4% 2021 3.7% 2022 4.3% 2023 The probability of a recession Central bank interest rates will rise .25% 2021 4.5% 2022 4.7% 2023 independentbanker.org // 11 Source: Bloomberg, November 2022http://www.independentbanker.org