The Conference Board Economics Watch® United States View
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Publication Date:
August 01, 2013
• Despite weak 1H growth, economic growth to speed up in 2H 2013 • Fiscal drag should lessen going forward and private sector activity firm • Continued strengthening in the housing and labor markets to lead the way • GDP growth was revised up in 2012, boosting productivity growth in 2012 • However, recent slowdown in productivity growth must reverse in order to support expected economic acceleration • Dysfunction government still poses a downside risk to economic outlookU.S. economy to strengthen as fiscal drag lessens
