The Conference Board Economics Watch® United States View
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Publication Date:
January 2012 -
Report Number:
EWUV_V2N1
Caution, uncertainty, and volatility underscore 2012
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Despite improving U.S. economic data, caution and uncertainty still rule the 2012 outlook
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Economic growth will stay below 2 percent on average in 2012 and volatility remains a key characteristic of growth and markets
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The European debt crisis remains a threat to U.S. recovery—a disorderly outcome would throw the U.S. into recession
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The demand side of the U.S. housing market shows some positive signs
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But the supply side of the housing market suggests that stabilization at a healthier level, of new housing starts, may still be a long way off
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The negative wealth effect from depressed home prices weighs negatively on consumer spending