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The Conference Board Economics Watch® United States View
- Authors:
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Publication Date:
May 2012
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