The Conference Board Economics Watch® United States View
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Publication Date:
August 2013
United States poised for stronger growth
• 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 economy