United States : 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

July 30, 2008

Electronic Access:

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Summary:

This 2008 Article IV Consultation highlights that problems in the housing and financial markets over the past year have combined to slow the United States’ economy substantially. As the residential investment downturn accelerated and national indices of housing prices started falling, mortgage defaults rose sharply, and bank losses mounted. Policymakers have responded aggressively to these developments. IMF staff analysis suggests that the dollar is closer to its medium-term equilibrium level, although still on the strong side.

Series:

Country Report No. 08/255

Subject:

English

Publication Date:

July 30, 2008

ISBN/ISSN:

9781451839715/1934-7685

Stock No:

1USAEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

65

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