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Etats-Unis : la fin de tous les dangers ?

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  • Christine Rifflart

Abstract

Le choc fiscal mis en place au début de l’année 2013 a pesé sur la croissance. Après 2,8 % en 2012, celle-ci n’a atteint que 1,9 % en moyenne l’année suivante. Mais la reprise s’est réimposée en fin de période. La croissance s’est accélérée au deuxième semestre et l’année se termine sur un rythme de 2,5 % en glissement annuel. Le paysage s’est éclairci et les bons résultats du deuxième semestre devraient augurer d’une croissance désormais un peu plus soutenue. C’est dans ce contexte, alors que l’ajustement budgétaire se poursuit, que la Réserve fédérale a décidé de réduire progressivement ses interventions sur les marchés financiers. La politique monétaire restera très accommodante mais les instruments non conventionnels de la banque centrale se normalisent progressivement. Pour autant, même si la croissance est plus soutenue en 2014 et 2015, elle restera modérée.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Christine Rifflart, 2014. "Etats-Unis : la fin de tous les dangers ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(4), pages 155-164.
  • Handle: RePEc:cai:reofsp:reof_135_0155
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