{
  "title": "United States: 2016 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, July 12, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/united-states-2016-article-iv-consultation-press-release-and-staff-report-44079",
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  "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.",
  "publishDate": "2016-07-12",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The United States is in its seventh consecutive year of expansion.\n- The unemployment rate has fallen to 4.9 percent.\n- Household net worth is close to precrisis peaks.\n- The economy experienced a temporary growth dip in the last two quarters prior to the report.\n- Lower oil prices led to a further contraction in energy sector investment.\n- A strong dollar and weak global demand have weighed on net exports.\n- Activity indicators for the second quarter of 2016 rebounded."
    },
    {
      "heading": "Outlook and projections",
      "content": "- The economy is expected to grow at 2.2 percent in 2016.\n- The economy is expected to grow at 2.5 percent in 2017.\n- These projected growth rates are characterized as above potential."
    },
    {
      "heading": "Themes and topics covered",
      "content": "- Income\n- Inflation\n- Labor and labor markets\n- National accounts\n- Prices\n- Wages"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- article IV discussion\n- CR\n- Global\n- Income\n- Inflation\n- ISCR\n- Labor markets\n- liability positions vis-à-vis nonresident\n- money market rate\n- potential GDP\n- rate\n- spending momentum\n- staff appraisal\n- Wages\n\nUnited States: 2016 Article IV Consultation-Press Release; and Staff Report — July 12, 2016\n\n---\n\n Content in this bundle\n\n- cr16226\n  - cr16226 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16226 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-states-2016-article-iv-consultation-press-release-and-staff-report-44079"
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    "Published: July 12, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498358958.002",
    "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.",
    "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.",
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    "Inflation",
    "Labor and labor markets",
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    "Prices",
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    "Inflation",
    "ISCR",
    "Labor markets",
    "liability positions vis-à-vis nonresident",
    "money market rate",
    "potential GDP",
    "rate",
    "spending momentum",
    "staff appraisal",
    "Wages",
    "**_cr16226**"
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