The Conference Board Economics Watch® United States View

  • Publication Date:
    June 2012
  • Report Number:
    EWUV_V2N6

Optimism fades as risks rise 

  • Disappointing employment gains signal weaker growth in current quarter
  • Increasing cautiousness suggests further slowing in second half of the year
  • Concerns about a disorderly outcome in Europe and a slowing in emerging markets are adding downside risk to U.S. economic outlook
  • U.S. faces an enormous yearend fiscal cliff, but temporary measures should help avoid a large economic contraction
  • However, divided and “broken” government leads to only temporary fiscal measures, failing to provide any policy certainty

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