The Conference Board Economics Watch® United States View
- Authors:
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Publication Date:
December 2011 -
Report Number:
EWUV_V1N12
U.S. steps up while Europe slips
- Recent U.S. economic measures perform above expectations
- Steady 2.5%+ economic growth in U.S. is unlikely
- More likely, U.S. growth remains volatile and sluggish until at least the middle of next year
- A deep recession in Europe would create significant additional risk for the United States through trade, investment, and financial channels
- A European sovereign or bank default provokes a worst-case scenario