United States: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

August 1, 2007

Preview Citation

Format: Chicago

United States: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed October 4, 2024

Summary

This 2007 Article IV Consultation highlights that following an extended boom led by strong domestic demand, the slowdown in the United States has largely reflected a drag from residential investment as the housing market has weakened substantially. Unexpected weakness in business investment and net exports, as well as an inventory correction, amplified the downturn in early 2007, but growth is expected to recover in the remainder of the year. The most likely scenario is a soft landing of the U.S. economy, with growth picking up during 2007.

Subject: Budget planning and preparation, Financial institutions, Housing prices, Inflation, Loans, Mortgages, Prices, Public financial management (PFM)

Keywords: Budget planning and preparation, Core CPI, Core CPI inflation, CR, Financial market condition, Global, Housing downturn, Housing prices, Inflation, Inflation risk, ISCR, Loans, Mortgages, Report, Subprime mortgage, Subprime mortgage market

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/264
Stock No:

1USAEA2007001
ISBN:

9781451839685
ISSN:

1934-7685

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