United States: 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2002/166, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that the United States economy slipped into recession in early 2001, as industrial production dropped sharply, investment and exports declined, and employment and weekly hours fell. The downturn was triggered in part by the collapse of the Information Technology boom and stock prices in March 2000, but was further exacerbated by the September 11th terrorist attacks. As a result, following real GDP growth in excess of 4 percent during the previous four years, the economy slowed sharply in 2001.

Keywords: ISCR; CR; monetary policy; Mid-Session Review; market; consumer spending; inflation; diffusion indices; staff growth projection; current account; stimulus package; real GDP; U.S. dollar; Current account deficits; Budget planning and preparation; Securities; Productivity; Stocks; Global; Africa; Caribbean (search for similar items in EconPapers)
Pages: 57
Date: 2002-08-05
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