## United States: 2017 Article IV Consultation-Press Release; Staff Report

_IMF Staff Country Reports, July 26, 2017_

## Source details

**Canonical URL:** [United States: 2017 Article IV Consultation-Press Release; Staff Report](https://www.imf.org/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142/bundle-manifest.json)

## 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**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17239.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17239.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2017/07/27/united-states-2017-article-iv-consultation-press-release-staff-report-45142_