United States: Staff Report for the 1999 Article IV Consultation
August 6, 1999
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This 1999 Article IV Consultation highlights that the U.S. real GDP grew by 3.9 percent in 1998, reflecting buoyant consumption and investment spending. In the first quarter of 1999, real GDP grew by 4.3 percent (annual rate) before slowing to 2.3 percent in the second quarter. Consumption has been boosted by a sharp fall in personal saving, with the ratio of personal saving to personal disposable income declining to ½ percent in 1998, and turning negative in the first quarter of 1999.
Subject: Administration in revenue administration, Budget planning and preparation, Financial institutions, Financial markets, Public financial management (PFM), Revenue administration, Securities, Stock markets, Stocks
Keywords: Administration in revenue administration, Asia and Pacific, Budget planning and preparation, CBO estimate, core CPI, CR, employment cost index, federal budget, federal funds rate, forecasting process, Global, ISCR, Securities, Stock markets, Stocks, surplus
Pages:
56
Volume:
1999
DOI:
Issue:
076
Series:
Country Report No. 1999/076
Stock No:
1USAEA0011999
ISBN:
9781451839517
ISSN:
1934-7685
Notes
Contains the text of Public Information Notice No. 99/70 IMF Concludes Article IV Consultation with the United States
