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United States

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United States

Staff Report for the 2017 Article IV Consultation

IMF,

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When the United States sneezes, the rest of the world catches a cold. So how healthy is the US economy?

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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Engaging

Recommendation

The United States is enjoying one of its longest periods of expansion ever, and the International Monetary Fund weighs in with its views on how the government should sustain and further develop its positive performance. In this annual stocktaking exercise, the IMF dissects the United States’ need to mitigate risks from policy uncertainty and cyberattacks, among other threats, and it also advises additional actions the government should take to shore up the financial system. getAbstract suggests this comprehensive and detailed review of the country’s economic situation to executives, policy makers and investors worldwide.

Summary

Since 1850, the United States has had only two economic expansions longer than the current one, in which employment is strong and GDP has grown 12% in real terms from its prerecession peak. Without factoring in any potential impacts from the Trump administration’s proposals for tax cuts and reduced spending, it is likely that the US economy will grow a little more than 2% in both 2017 and 2018, thanks to consumer spending and private investment.

Financial aspects, such as the strength of the dollar...

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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