Summary of OECD Economic Surveys: United States

June 2014, Overview

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OECD Economic Surveys: United States summary
Among OECD nations, the United States’ recovery is the furthest along. Opportunity beckons, but much remains undone.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

In this timely, comprehensive report, the OECD considers America’s recent economic progress, the obstacles it faces and the ways it can improve. The study finds that the US economy is progressing, showing hard-won gains after the bruising recession. Manufacturing expansion, a turnaround in employment, a healthier financial sector, a more stable housing market, and lower energy prices due in part to hydraulic fracturing and energy renewables are all good news, but much remains undone. The United States must address the human toll of the recession: a growing income gap, fewer jobs, rising education and health care expenses, paltry increases in real wages, and increasing stresses on people’s work life and family life. getAbstract commends this review to public policy professionals, economists, market strategists and investors for its candid assessment of America’s long road ahead.

In this summary, you will learn

  • How America’s economic recovery is proceeding
  • How fixes to ongoing fiscal, financial and economic problems would improve that recovery
  • What opportunities and risks the new US energy boom presents
 

Summary

From Beneath the Rubble
The recession that began in late 2007 and lasted through 2008 and 2009 was relatively short-lived, but of such magnitude that it knocked many Americans off their feet. It was the brutal outcome of increasingly looser economic and fiscal policies and of a seemingly...
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About the Author

The Organisation for Economic Co-operation and Development is an international forum of 34 nations that promotes global economic advancement and trade.


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