The Conference Board Economics Watch® United States View
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Publication Date:
January 17, 2012
Despite improving U.S. economic data, caution and uncertainty still rule the 2012 outlook Economic growth will stay below 2 percent on average in 2012 and volatility remains a key characteristic of growth and markets The European debt crisis remains a threat to U.S. recovery—a disorderly outcome would throw the U.S. into recession The demand side of the U.S. housing market shows some positive signs 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 The negative wealth effect from depressed home prices weighs negatively on consumer spendingCaution, uncertainty, and volatility underscore 2012
