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The Conference Board Economics Watch® United States View
- Authors:
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Publication Date:
November 2012
Economic growth poised to rebound in the second half of 2013
• U.S. economy will slow in the first half of 2013 as a partial fiscal cliff comes into view
• Hurricane Sandy will cause a mild drag in Q4, which will be followed by a mild boost in 2013
• Business confidence has been hurt by fiscal cliff concerns and weak demand
• The economy will rebound in the second half of 2013 as a result of a continued housing revival and increased strength in business investment and the labor market