The Conference Board Economics Watch<sup>Â®</sup> United States View

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Growth dips in Q2, but it is poised to rise in the second half of the year

Although recent job, income, and business investment data signal a dip in Q2 growth, trends in the leading economic indicators keep pointing to a modest acceleration in the second half of 2012
Downside risks include slower growth in emerging markets and the European debt crisis
Productivity growth continues to weaken, as employment growth outpaces GDP
A loose labor market and slowing profits are keeping a lid on wage growth