U.S. Outlook: Summer 2013
The Conference Board of Canada, 9 pages
July 9, 2013
This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
- The U.S. economy will expand by 2 per cent this year and 3.2 per cent in 2014.
- Growth will pick up steam toward the
end of this year as the impact of fiscal restraint fades.
- While fiscal deficits are diminishing, a comprehensive plan to control spending over
the long term is essential.