United States : 2016 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 12, 2016

Electronic Access:

Free Full Text (PDF file size is 1728 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2016 Article IV Consultation highlights that the United States is now in its seventh consecutive year of expansion. The unemployment rate has fallen to 4.9 percent, and household net worth is close to precrisis peaks. Nonetheless, the economy has gone through a temporary growth dip in the last two quarters. Lower oil prices led to a further contraction in energy sector investment, and a strong dollar and weak global demand have weighed on net exports. With activity indicators for the second quarter of 2016 rebounding, the economy is expected to grow at 2.2 percent and 2.5 percent in 2016 and 2017, which is above potential.

Series:

Country Report No. 16/226

Subject:

English

Publication Date:

July 12, 2016

ISBN/ISSN:

9781498358958/1934-7685

Stock No:

1USAEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

85

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