The Conference Board Economics Watch® United States View
-
Authors:
Kathy Bostjancic
Gad Levanon, Ph.D. -
Publication Date:
May 2012 -
Report Number:
EWUV_V2N5
Growth dips in Q2, but it is poised to rise in the second half of the year
- Although recent job, income, and business investment data signal a dip in Q2 growth, trends in the leading economic indicators keep pointing to a modest acceleration in the second half of 2012
- Downside risks include slower growth in emerging markets and the European debt crisis
- Productivity growth continues to weaken, as employment growth outpaces GDP
- A loose labor market and slowing profits are keeping a lid on wage growth