After several years of restructuring, the U.S. private sector shows continued signs of strengthening. We believe the Fed’s forecasts look overly optimistic, and thus, expect the sequester spending cuts to slow the economy for the remainder of 2013.
The Conference Board Economics Watch® United States View (July 2013)
The Conference Board Economics Watch® United States View (July 2013)
Global Economic Analysis
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Healthy enough to come off QE life support?
- Sequester spending cuts should slow the economy for remainder of 2013
- However, increasing signs of upside potential to our cautious base case
- Despite headwinds, U.S. economy is the bright star in the global landscape
- Fed’s tapering of quantitative easing hurts developing economies most
- Consumers are once again borrowing, but cautiously and selectively
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