United States: Recent Economic Developments

International Monetary Fund

No 1996/093, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the United States during 1992–96. The paper briefly describes improvements in the national income and product accounts (NIPA) and some of their implications for the analysis of long-term trends in U.S. investment and saving. The paper highlights that the effect of the 1990–92 recession on employment was considerably less severe than the effect of the 1981–82 recession. During the 1990–92 recession, employment fell by 1½ percent, compared with a drop of 3 percent during the 1981–82 recession.

Keywords: ISCR; CR; GDP; income; U.S. official development assistance; GNP ratio; employment growth; CVD petition; DAC participant; Income distribution; Unemployment rate; Personal income; Wages; Employment; North America; Middle East; Europe (search for similar items in EconPapers)
Pages: 129
Date: 1996-09-11
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/093

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