Economy Watch: US View (August 2022)
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Economy Watch | United States

Monthly updates on the state of the economy in the United States

Economy Watch: US View (August 2022)


August 15, 2022 | Report

The Conference Board forecasts that economic weakness will intensify and spread more broadly throughout the US economy in the second half of 2022 and expects a recession to begin before the end of the year.  This outlook is associated with persistent inflation and rising hawkishness by the Federal Reserve. Conflict in Eastern Europe, geopolitical tensions in East Asia, COVID-19, and volatility in government spending all introduce downside and upside risks to our forecast.


AUTHOR

ErikLundh

Senior Economist, Global
The Conference Board


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