{
  "title": "United States: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the United States",
  "publication": "IMF Staff Country Reports, June 24, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/24/united-states-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47019",
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  "summary": "The U.S. economy is in the longest expansion in recorded history. Unemployment is at levels not seen since the late 1960s, real wages are rising, and inflationary pressures remain subdued. Economic activity, while still growing above potential, is expected to slow to around 2.",
  "sections": [
    {
      "heading": "Economic context and outlook",
      "content": "- The U.S. economy is in the longest expansion in recorded history.\n- 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."
    },
    {
      "heading": "Labor market and incomes",
      "content": "- Unemployment is at levels not seen since the late 1960s.\n- Real wages are rising."
    },
    {
      "heading": "Prices and inflation",
      "content": "- Inflationary pressures remain subdued."
    },
    {
      "heading": "Key takeaways",
      "content": "- Continued expansion with a decelerating growth profile: 2.6 percent (this year) and 1.9 percent (2020).\n- Strong labor market outcomes alongside modest inflation and rising real wages, indicating lingering spare capacity is limited but present.\n\nUnited States: 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the United States, June 24, 2019.\n\n---\n\n Content in this bundle\n\n- 1usaea2019001\n  - 1usaea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1usaea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 24, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498320993.002",
    "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.",
    "Unemployment is at levels not seen since the late 1960s.",
    "Real wages are rising.",
    "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.",
    "**1usaea2019001**"
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