United States: 2017 Article IV Consultation-Press Release; Staff Report
IMF Staff Country Reports, July 26, 2017
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- United States: 2017 Article IV Consultation-Press Release; Staff Report
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Bibliographic details
- Published: July 26, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484312681.002
Overview
- The United States is in the longest expansion since 1850.
- The economy experienced a temporary growth dip in the early part of 2017, but momentum picked up thereafter.
Labor market
- Unemployment rate: 4.4 percent.
- Job growth: continues to be strong.
Growth projections and drivers
- Real GDP growth expected: 2.1 percent in 2017 and 2.1 percent in 2018.
- Projected support for growth:
- Solid consumption growth.
- A rebound in investment.
Inflation outlook
- Personal consumer expenditure inflation is expected to:
- Slowly rise above 2 percent over the next 12–18 months.
- Then return to the Federal Reserve’s medium-term target of 2 percent.
Source: United States: 2017 Article IV Consultation-Press Release; Staff Report (July 26, 2017).
Content in this bundle
- Country Report