United States: Staff Report for the 1999 Article IV Consultation
This 1999 Article IV Consultation highlights that the 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) before slowing to 2.3 percent in the second quarter. Consumption has been boosted by a sharp fall in personal saving, with the ratio of personal saving to personal disposable income declining to ½ percent in 1998, and turning negative in the first quarter of 1999.
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Volume/Issue:
Volume 1999
Issue 076
Publication date: August 1999
ISBN: 9781451839517
$20.00
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Business and Economics , Finance , Investments and Securities-General , Public Finance , ISCR , CR , federal funds rate , surplus , forecasting process , CBO estimate , core CPI , employment cost index , federal budget , Administration in revenue administration , Budget planning and preparation , Securities , Stocks , Stock markets , Global , Asia and Pacific
Summary
This 1999 Article IV Consultation highlights that the 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) before slowing to 2.3 percent in the second quarter. Consumption has been boosted by a sharp fall in personal saving, with the ratio of personal saving to personal disposable income declining to ½ percent in 1998, and turning negative in the first quarter of 1999.
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