As the expansion proceeds, demand-side constraints are giving way to supply-side constraints.
The Conference Board Economics Watch® United States View December 2015
The Conference Board Economics Watch® United States View December 2015
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Following the Great Recession, an unusual business cycle expansion extends into a new year. But, until 2015, a lack of aggregate demand growth—rather than supply—held the economy from snapping back. Supply-side constraints will begin to dominate the outlook for 2016.
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