The U.S. economy has turned in a remarkable performance over the past few years. Hysteresis effects from the pandemic did not materialize and both activity and employment now exceed pre-pandemic expectations. Real incomes were diminished by the unexpected rise in inflation in 2022 but have now risen above prepandemic levels. Job growth has been particularly fast, with 16 million new jobs created since end-2020. However, income and wealth gains have been uneven across the income distribution and poverty remains high, particularly following the expiration of pandemic era support. The outlook is for a continued healthy rate of growth with balanced risks around the baseline forecast.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400283789
- ISSN
- 1934-7685
- Pages
- 89
- Published in
- United States of America
- Series
- Country Report No. 2024/232
- StockNumber
- 1USAEA2024001
Table of Contents
- A Resilient Economy -1
- A. What Has Underpinned the Post-Pandemic Strength in Demand? -1
- B. How Has Supply Responded? -1
- Implications for The Outlook and FoR Monetary Policy -1
- A CHRONIC Fiscal IMBALANCE -1
- Is the U.S. Economy Back in Balance? -1
- Risks Ahead -1
- Political Risks -1
- Financial Stability Risks -1
- Trade Risks -1
- Voluntary assessment of transnational aspects of corruption -1
- Staff Appraisal -1
- Supply-Side of Corruption30F -1
- IA.pdf -1
- fund relations 83
- pdf of SR.pdf -1
- A Resilient Economy 9
- A. What Has Underpinned the Post-Pandemic Strength in Demand? 9
- B. How Has Supply Responded? 15
- Implications for The Outlook and FoR Monetary Policy 19
- A CHRONIC Fiscal IMBALANCE 24
- Is the U.S. Economy Back in Balance? 28
- Risks Ahead 32
- Political Risks 32
- Financial Stability Risks 32
- Trade Risks 38
- Voluntary assessment of transnational aspects of corruption 40
- Staff Appraisal 41
- Supply-Side of Corruption30F 81
