United States: 2003 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
August 5, 2003
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Despite repeated shocks, the United States economy has provided valuable support for global growth. Executive Directors commended this development, and stressed the need to tighten fiscal and monetary policies. They welcomed the assessment of the fiscal transparency Reports on Observance of Standards and Codes that the United States has set in areas of fiscal transparency. They urged the authorities to strengthen the financial position of the Social Security and Medicare system. They demanded the United States to play a leadership role in promoting an open multilateral trade system.
Subject: Balance of payments, Budget planning and preparation, Current account deficits, Fiscal policy, Government debt management, Public debt, Public financial management (PFM)
Keywords: Budget planning and preparation, consumer confidence, CR, Current account deficits, deflation risk, financial markets development, Global, Government debt management, headline CPI inflation, ISCR, monetary policy, monetary policy report, yield
Pages:
54
Volume:
2003
DOI:
Issue:
244
Series:
Country Report No. 2003/244
Stock No:
1USAEA0022003
ISBN:
9781451839609
ISSN:
1934-7685
