The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
The Conference Board Economics Watch® United States View

GDP grew at a paltry 0.2 percent in the first quarter of 2015. When large inventory buildup is subtracted, GDP actually shrank by 0.5 percent. Some rebound in Q2 is expected, but growth will be limited by a big inventory overhang, lingering effects of a stronger dollar and investment cuts in oil-producing sectors. Even consumers turned a little more cautious in April, but private wages are moving higher, providing more support for the only bright spot in the economy. The elevated personal savings rate and pent-up demand in housing are important signposts on how long the economy can perform above its medium-trend 2 percent growth path.

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate

OTHER RELATED CONTENT

RESEARCH & INSIGHTS

WEBCASTS

COUNCILS

BLOGS

PRESS RELEASES & IN THE NEWS