Recession Fears on Hold … for Now: U.S. Outlook to 2027

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Recession Fears on Hold … for Now: U.S. Outlook to 2027

Pages:17 pages33 min read

Author: The Conference Board of Canada


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.

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This quarter, we look at inflation, the deficit, and labour shortages.

With real GDP growth of 1.7 per cent this year, falling to 1.1 per cent in 2024, will the U.S. stave off a serious downturn? Will a decline in inflation boost real wages and household spending? What do ongoing labour shortages mean for businesses and workers? Will the U.S. government reduce its annual deficit or will deficits exceeding US$1 trillion persist into the medium term?

Read the impact paper to get our full analysis.

Key findings
Aggregate demand
Financial markets
Fiscal policy
Labour markets

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