United States of America

Florin Bonciu

Conjunctura economiei mondiale / World Economic Studies, 2017, 88-95

Abstract: The US economy recorded in 2016 growth for the seventh year in a row, albeit at a slower rate. Among the causes behind this modest growth were: the decline in oil prices, the increase in the US dollar exchange rate, the decline in inventories, as well as a lower external demand. The positive aspects regarding the year 2016 included: a trend towards increasing investments in the field of research & development, the high level of private consumption, the increase in the number of jobs and salaries, as well as an increase in the purchasing power. The monetary policy remained relaxed in 2016, inflation persisted at a low level, while the fiscal policy has shown a rather neutral character. For 2017-2018 higher growth rates are forecasted for the US economy due to the package of stimuli announced by the new Administration, the decline in unemployment to historically low levels and the increase in salaries.

Keywords: USA; economic growth; unemployment decline; low inflation; increase of private consumption; US dollar exchange rate (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2017:p:88-95

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