Real gross domestic product forecast were lowered by participants in the Federal Reserve Bank of Philadelphia's December Livingston survey, released Wednesday, with expectations for 1.8% growth in the last half of 2012.

In the June survey, forecasters saw 2.6% growth in the half. For next year, the survey suggests growth of 2.1% in the first half (down from the early prediction of 2.3% growth) and 2.3% in the second half.

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