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The Conference Board Economics Watch® United States View

Cautiously Optimistic Outlook  

  • Economic indicators signal the U.S. economy is strengthening
  • We have revised up 2nd half-year growth estimates, though growth to remain still moderate by historic standards
  • Improvement in employment is key
  • Headwinds from higher gasoline and oil prices, winding down of U.S. fiscal stimulus and slower emerging market growth
  • Consumers’ balance sheets are in healthier shape, but spending faces ongoing drag from the negative housing ‘wealth effect’

 

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