United States: Staff Report for the 1999 Article IV Consultation
IMF Staff Country Reports, August 6, 1999
Source details
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- United States: Staff Report for the 1999 Article IV Consultation
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Bibliographic details
- Published: August 6, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839517.002
Macro growth and demand dynamics
- U.S. real GDP grew by 3.9 percent in 1998, reflecting buoyant consumption and investment spending.
- In the first quarter of 1999, real GDP grew by 4.3 percent (annual rate).
- Real GDP slowed to 2.3 percent in the second quarter of 1999.
Consumption and savings
- Consumption was boosted by a sharp fall in personal saving.
- The ratio of personal saving to personal disposable income declined to ½ percent in 1998.
- The ratio of personal saving to personal disposable income turned negative in the first quarter of 1999.
Content in this bundle
- United States: Staff Report for the 1999 Article IV Consultation - ISCR/99/76