The Conference Board Economics Watch® United States View

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

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