The Conference Board Economics Watch® United States View

Underlying strengthening in U.S. economy will be delayed if fiscal drags become large

  • Threat of the fiscal cliff represents the single largest downside risk
  • But we expect a fiscal slope and only moderate fiscal tightening
  • Moderate fiscal tightening weighs on first half 2013 growth
  • But economy poised to accelerate in second half of 2013

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