United States: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the United States
IMF Staff Country Reports, June 24, 2019
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- United States: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the United States
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Bibliographic details
- Published: June 24, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498320993.002
Economic context and outlook
- The U.S. economy is in the longest expansion in recorded history.
- Economic activity is "still growing above potential" but is expected to slow to around 2.6 percent this year and 1.9 percent in 2020.
Labor market and incomes
- Unemployment is at levels not seen since the late 1960s.
- Real wages are rising.
Prices and inflation
- Inflationary pressures remain subdued.
Key takeaways
- Continued expansion with a decelerating growth profile: 2.6 percent (this year) and 1.9 percent (2020).
- Strong labor market outcomes alongside modest inflation and rising real wages, indicating lingering spare capacity is limited but present.
United States: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the United States, June 24, 2019.
Content in this bundle
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