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

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Economy Watch: US View (August 2022)


August 15, 2022 | Report

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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.


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ErikLundh

Erik Lundh

Senior Economist, Global
The Conference Board

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