The Conference Board Economics Watch® United States View
-
Authors:
Kathy Bostjancic -
Publication Date:
June 2011 -
Report Number:
EWUV_V1N5
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- Recent flow of weak economic data largely affirms our forecast
- More optimistic consensus expectations are being scaled back
- However, the odds of another recession are quite low
- The U.S. consumer holds the key for near-term U.S. economic growth
- Low consumer confidence due to lack of jobs and income gains
- Household balance sheets are in better shape, but more repair is likely