United States: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United States

June 15, 2023

Preview Citation

Format: Chicago

United States: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United States, (USA: International Monetary Fund, 2023) accessed November 19, 2024

Summary

The U.S. economy has proven resilient in the face of the significant tightening of both fiscal and monetary policy in 2022. Consumer demand has held up particularly well, boosted initially by a drawdown of pent-up savings and, more recently, by solid growth in real disposable incomes. Policy restraint is expected to continue to slow the economy in 2023 with a modest pick-up in momentum later in 2024. Unemployment is expected to rise slowly to close to 4½ percent by end-2024.

Subject: Commercial banks, Environment, Financial institutions, Inflation, International organization, Labor, Labor markets, Monetary policy, Prices, Renewable energy, Wages

Keywords: Article IV discussion, Commercial banks, Consumer demand, Global, Headline PCE inflation, Inflation, Labor markets, Liability positions vis-à-vis nonresident, Money market rate, North America, Renewable energy, Wages

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/208
Stock No:

1USAEA2023001
ISBN:

9798400245176
ISSN:

1934-7685

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