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2016 Article IV Consultation with the United States of America

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2016 Article IV Consultation with the United States of America

Concluding Statement of the IMF Mission

IMF,

5 min read
5 take-aways
Audio & text

What's inside?

Impediments to future growth challenge the American economy.

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Editorial Rating

7

Qualities

  • Comprehensive
  • Visionary
  • Concrete Examples

Recommendation

Although the American economy may be at the top of the class today compared to other developed countries’ economic performance, it nonetheless faces a number of critical challenges. In this comprehensive summary, IMF professionals point to obstacles that stand in the way of continued US growth and urge against complacency. They also outline specific measures the American government could take to stimulate future growth. getAbstract suggests this report to policy makers, economists and investors.

Summary

The American economy has created 2.4 million new jobs since mid-2015, bringing the unemployment rate to below 5%, its lowest level since the onset of the Great Recession. Inflationary pressures remain subdued, and the economy has bounced back from market upsets, a strong dollar and weak global demand. Nonetheless, expansion has slowed in 2016, along with consumer demand, despite increases in household income. It appears 2016 will see growth of 2.2%, picking up to 2.5% in 2017, with inflation inching toward 2%.

But long-term impediments to continued...

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.

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