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While the prospects for a ‘soft landing’ have risen, The Conference Board believes it is more probable that the US economy will slip into a short and shallow recession in early 2024. Consumer spending was strong over the summer period but is beginning to cool. Moderating real income gains, falling savings and rising debt will likely further curb consumer spending heading into 2024. US labor market tightness is moderating according to the November jobs report. As the economy cools in early 2024 so too will the labor market. On inflation, progress is being made, but the path to 2% will be long and bumpy. We believe the Fed Funds Rate has peaked, but don’t foresee any cuts until mid-2024.
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Economy Watch: US View (August 2024)
August 19, 2024
Economy Watch: US View (July 2024)
July 26, 2024
Economy Watch: US View (June 2024)
June 24, 2024
Economy Watch: US View (May 2024)
May 21, 2024
Economy Watch: US View (April 2024)
April 16, 2024
Economy Watch: US View (March 2024)
March 19, 2024
Charts
Preliminary PMI indices show no change in weak DM growth momentum in November
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How Might the World Fall Back into Recession?
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Passing increases downstream, cutting costs, and absorbing price increases into profit margins are the chief ways to manage rising input costs. Few see changing
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Downgraded global GDP forecast, but no recession expected
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US continues to lead global productivity race
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The Global Economic Fallout of the Ukraine Invasion
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The global supply chain disruption associated with the COVID-19 pandemic has resulted in production delays, shortages, and a spike in inflation in world.
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The Conference Board recently released its updated 2022 Global Economic Outlook.
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Threading the Needle: Fed Offers Something for Everyone
September 18, 2024
BRIEF
Q3 Retail Sales Tracking Positively Despite August Setback
September 17, 2024
PRESS RELEASE
LEI for Australia Inched Up in July
September 17, 2024
PRESS RELEASE
LEI for France Declined in July
September 17, 2024
PRESS RELEASE
LEI for Mexico Inched up
September 16, 2024
PRESS RELEASE
LEI for Germany Rose in July
September 16, 2024
All release times displayed are Eastern Time
Global growth is expected to slow over the next decade relative to the prior ten years.
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The Conference Board Economic Forecast for the US Economy
September 17, 2024 | Brief
Economy Watch: Emerging Markets View (August 2024)
August 19, 2024 | Brief
Economy Watch: US View (August 2024)
August 19, 2024 | Brief
Welcome to the Soft Landing: Implications for the Economy & Business
August 12, 2024 | Report
Economy Watch: Emerging Markets View (July 2024)
July 26, 2024 | Brief
The Evolving Economic Outlook for Europe
July 10, 2024 11:00 AM ET (New York)
The Economic Outlook for Europe
July 12, 2023 11:00 AM ET (New York)
The Economic Outlook for India and MENA
June 14, 2023 11:00 AM ET (New York)