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

International Monetary Fund

No 2017/239, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. The economy has gone through a temporary growth dip in the early part of 2017, but momentum has picked up. The economy is expected to grow at 2.1 percent in 2017 and 2018, supported by solid consumption growth and a rebound in investment. Over the next 12–18 months, personal consumer expenditure inflation is expected to slowly rise above 2 percent, before returning to the Federal Reserve’s medium-term target of 2 percent.

Keywords: ISCR; CR; article IV discussion; rate; article IV consultation; Q1; Core CPI inflation; exchange rate; money market; liability positions vis-à-vis nonresident; money market rate; IMF staff estimate; labor market indicator; Income; Labor force participation; Inflation; Labor share; Global (search for similar items in EconPapers)
Pages: 86
Date: 2017-07-26
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