This O&O Software offers a reliable solution for safe erasure of security sensitive files and gives you the ultimate in data protection. In this way you can be sure that no data gets into the wrong hands. 2023 Merger Integration Conference - New York.CED Distinguished Leadership Awards Celebration.Human Capital Benchmarking & Data Analytics.The Conference Board Economic Forecast for the US Economy The Conference Board forecasts that US economic growth will buckle under mounting headwinds early next year, leading to a very short and shallow recession. This outlook is associated with numerous factors, including, elevated inflation, high interest rates, dissipating pandemic savings, mounting consumer debt, lower government spending, and the resumption of mandatory student loan repayments. We forecast that real GDP will grow by 2.2 percent in 2023, and then fall to 0.8 percent in 2024. US consumer spending has held up remarkably well this year despite elevated inflation and higher interest rates. However, this trend cannot hold, in our view. Compensation growth is decelerating, pandemic savings are dwindling, and household debt is rising rapidly. Additionally, new student loan repayment requirements will begin to impact many consumers starting in October. Thus, we forecast that overall consumer spending growth will slow towards yearend and then contract in Q1 2024 and Q2 2024. As inflation and interest rates abate later in 2024, we expect consumption to begin to expand once more. Meanwhile, following weak growth in Q1 2023, business investment bounced back in Q2 2023 despite interest rate increases. This was largely due to a surge in business spending on equipment (especially computing and transportation equipment) and elevated investment in structures (especially in manufacturing).
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