{
  "title": "United States: 2017 Article IV Consultation-Press Release; Staff Report",
  "publication": "IMF Staff Country Reports, July 26, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142",
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  "summary": "This 2017 Article IV Consultation highlights that the United States is in the longest expansion since 1850. The unemployment rate has fallen to 4.4 percent and job growth continues to be strong.",
  "publishDate": "2017-07-26",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The United States is in the longest expansion since 1850.\n- The economy experienced a temporary growth dip in the early part of 2017, but momentum picked up thereafter."
    },
    {
      "heading": "Labor market",
      "content": "- Unemployment rate: 4.4 percent.\n- Job growth: continues to be strong."
    },
    {
      "heading": "Growth projections and drivers",
      "content": "- Real GDP growth expected: 2.1 percent in 2017 and 2.1 percent in 2018.\n- Projected support for growth:\n  - Solid consumption growth.\n  - A rebound in investment."
    },
    {
      "heading": "Inflation outlook",
      "content": "- Personal consumer expenditure inflation is expected to:\n  - Slowly rise above 2 percent over the next 12–18 months.\n  - Then return to the Federal Reserve’s medium-term target of 2 percent.\n\nSource: United States: 2017 Article IV Consultation-Press Release; Staff Report (July 26, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142"
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    "Published: July 26, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484312681.002",
    "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.",
    "Unemployment rate: 4.4 percent.",
    "Job growth: continues to be strong.",
    "Real GDP growth expected: 2.1 percent in 2017 and 2.1 percent in 2018.",
    "Projected support for growth:",
    "Personal consumer expenditure inflation is expected to:",
    "**Country Report**"
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