The Conference Board Economics Watch® United States View
  • Authors:

    Kathy Bostjancic

  • Publication Date:
    October 2011
  • Report Number:
    EWUV_V1N9

  • Recent data suggest the United States may skate by a recession
  • However, if low consumer and business confidence drags the United States into recession, it should be short and shallow
  • But growth will not rebound sharply when the downturn ends
  • Sharp decline in Euro-Area LEI suggests significant possibility of a recession in Europe
  • The European debt and banking crisis is concentrated in Europe, but spillover effects could affect U.S. economy
  • The U.S. output gap is large and not

 

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