The Conference Board Economics Watch® United States View
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Publication Date:
August 20, 2013
• U.S. growth looks poised to accelerate, but productivity growth must rise • Ongoing housing revival and diminished fiscal drag underpin the faster growth • The labor market is improving, which will allow the Fed to start tapering QE • Consumer spending on services should pick up due to the housing recovery • Consumers are curtailing their debt deleveraging, which boosts consumption • Political gridlock remains a downside risk for the economyUnited States poised for stronger growth
