United States economic outlook: 2021 year-in-review and first quarter of 2022

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Oficina de la CEPAL en Washington (Estudios e Investigaciones) from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL)

Abstract: The United States economy expanded by 5.7% in 2021, the strongest annual growth since 1984, but in a sharp reversal it contracted 1.5% in the first quarter of 2022. Although the overall economy is expected to resume modest growth in the second quarter of 2022 and beyond owing to robust consumer spending and a strong labour market, risks to the economic outlook are rising. Inflation is at a 40-year high, and the Federal Reserve is raising interest rates at the most aggressive pace since the 1980s. The United States economic outlook: 2021 year-in-review and first quarter of 2022 presents and analyses the main economic developments in the period and examines how they could affect financial conditions in Latin America and the Caribbean.

Date: 2022-07-08
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Persistent link: https://EconPapers.repec.org/RePEc:ecr:col896:47977

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