Americans are richer but die sooner

appearance, all goes well. Across the Atlantic, the economy will be in mid-2019 in a phase of expansion long ten years, the longest period of the history of the

Americans are richer but die sooner

appearance, all goes well. Across the Atlantic, the economy will be in mid-2019 in a phase of expansion long ten years, the longest period of the history of the United States, leading the IMF. Unemployment is at a low level not seen since the 1960s. The growth is driven by tax incentives, and favourable financial conditions. Real wages rise and productivity starts to increase, while inflationary pressures remain "remarkably moderate," says the international monetary Fund (IMF) in its report said, "Article 4" on the u.s. economy, published on Tuesday. The IMF is sifting throughout the year, the state of economic health of each of its 189 member countries.

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However, the situation is far from euphoric. The prosperity is unevenly distributed in the land of uncle Sam. The life expectancy, which reached 78 years of age, there is even in decline and the United States are found in the 35th place in the world. Poverty has decreased but remains higher than in other developed countries. And social mobility has declined sharply. These indicators are worrisome, the judge, the IMF calls on the us authorities to consider "a priority, taking care of the growing income inequality and improve social conditions".

public Debt, untenable

On the macro level, the organization in charge of the economic balance, the world is not more peaceful. The public debt is on a path untenable and, in the medium term, with some risks reinforce in the United States. Starting with a sudden change in financial conditions or the aggravation of the trade war in progress, tip-t-it. The international organization is projecting for this year a growth of 2.6%, compared to over 3% according to the White House, after 2.9% in 2018. In 2020, it is estimated that the growth should stabilize at 1.9%.

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The IMF provides its advice to the us authorities. It suggests an increase in indirect taxes which would give them more flexibility and would reduce the budget deficit and curb debt. On the commercial side, while negotiations with China stalled, and Donald Trump threatens Beijing to tax all chinese imports and the european Union to impose duties on the cars, the Fund "encourages the United States to work constructively and in cooperation with their partners to find solutions to the distortions in trade".

Updated Date: 26 June 2019, 00:00

Kathleen Lees

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