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United States; Recent Economic Developments

  • International Monetary Fund
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    This paper reviews economic developments in the United States during 1992–96. The paper briefly describes improvements in the national income and product accounts (NIPA) and some of their implications for the analysis of long-term trends in U.S. investment and saving. The paper highlights that the effect of the 1990–92 recession on employment was considerably less severe than the effect of the 1981–82 recession. During the 1990–92 recession, employment fell by 1½ percent, compared with a drop of 3 percent during the 1981–82 recession.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1649
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    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 96/93.

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    Length: 129
    Date of creation: 11 Sep 1996
    Date of revision:
    Handle: RePEc:imf:imfscr:96/93
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