The Conference Board Economics Watch® United States View

  • Authors:
    Kathy Bostjancic
  • Publication Date:
    August 2013
  • Report Number:
    EWUV_V3N8

United States poised for stronger growth

•   U.S. growth looks poised to accelerate, but productivity growth must rise

•   Ongoing housing revival and diminished fiscal drag underpin the faster growth

•   The labor market is improving, which will allow the Fed to start tapering QE

•   Consumer spending on services should pick up due to the housing recovery

•   Consumers are curtailing their debt deleveraging, which boosts consumption

•   Political gridlock remains a downside risk for the economy

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