OECD Economic Surveys: United States

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.