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OECD Economic Surveys: United States
Report

OECD Economic Surveys: United States

June 2014, Overview

OECD, 2014 more...

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Editorial Rating

7

Qualities

  • Comprehensive

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.

Take-Aways

  • The US economy has recovered fairly well since the end of the recession.
  • The country’s GDP will grow by 2.5% in 2014 and 3.5% in 2015.
  • Certain obstacles, such as wage stagnation, hinder more rapid economic growth.

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.