The Conference Board Economics Watch® United States View
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Publication Date:
March 2012
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’