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The Conference Board Economics Watch® United States View

Economic growth in the first half of 2016 was weaker than expected as output growth was held back by a large inventory runoff. Business investment continued to be very sluggish, and there are structural reasons for the weakness to remain. It is also unlikely that inventory building will strongly rebound and be much of a growth source in a slow-growing economy. Consumer spending then remains the main source of growth.

 

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