The Conference Board Economics Watch® United States View: October 2019

The Conference Board, Inc., 8 pages, November 5, 2019
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US economic growth remains relatively firm but will slow to 2 percent in 2020.

Document Highlights

While the US economy continues to stand on relatively firm ground compared to many other large economies, GDP growth is converging toward its long-run trend of 2 percent. Factors influencing economic growth in the short term include slightly softer but still solid consumption and job growth trends, weakening business investment, a pickup in residential investment, and continued monetary easing. Leading economic indicators do not suggest that a recession is on the horizon, but potential geopolitical or geoeconomic shocks do present risks. In the medium term, we expect the US economy to continue growing at 2 percent, supported by a significant revival in productivity growth.

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