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The Conference Board Economics Watch® United States View

A near-term fiscal stimulus is unlikely to be implemented any time soon, forecasts for government and private investment have been, therefore, downgraded holding the economy on a 2 percent growth trend. The outlook for non-mining business investment hasn’t changed much either. New investments are needed to increase the productive capacity given tightening labor markets. Without investing in productivity, aging population will increasingly halt growth due to shortage of supply, possibly reducing the trend growth rate in 2018.

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