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The Conference Board Economics Watch® United States View
- Authors:
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Publication Date:
October 2011
- Recent data suggest the United States may skate by a recession
- However, if low consumer and business confidence drags the United States into recession, it should be short and shallow
- But growth will not rebound sharply when the downturn ends
- Sharp decline in Euro-Area LEI suggests significant possibility of a recession in Europe
- The European debt and banking crisis is concentrated in Europe, but spillover effects could affect U.S. economy
- The U.S. output gap is large and not