United States: 2016 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, July 12, 2016
Source details
- Canonical URL
- United States: 2016 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: July 12, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498358958.002
Summary findings
- The United States is in its seventh consecutive year of expansion.
- The unemployment rate has fallen to 4.9 percent.
- Household net worth is close to precrisis peaks.
- The economy experienced a temporary growth dip in the last two quarters prior to the report.
- Lower oil prices led to a further contraction in energy sector investment.
- A strong dollar and weak global demand have weighed on net exports.
- Activity indicators for the second quarter of 2016 rebounded.
Outlook and projections
- The economy is expected to grow at 2.2 percent in 2016.
- The economy is expected to grow at 2.5 percent in 2017.
- These projected growth rates are characterized as above potential.
Themes and topics covered
- Income
- Inflation
- Labor and labor markets
- National accounts
- Prices
- Wages
Keywords (as provided)
- article IV discussion
- CR
- Global
- Income
- Inflation
- ISCR
- Labor markets
- liability positions vis-à-vis nonresident
- money market rate
- potential GDP
- rate
- spending momentum
- staff appraisal
- Wages
United States: 2016 Article IV Consultation-Press Release; and Staff Report — July 12, 2016