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OECD Economic Surveys: United States 2016

image of OECD Economic Surveys: United States 2016

This 2016 OECD Economic Survey of the United States examines recent economic developments, policies and prospects. The special chapters cover: Private sector productivity and Making growth more inclusive.

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Executive summary

Seven years after the financial crisis, the US economy has rebounded : output has surpassed its pre-crisis peak by 10%, robust private-sector employment gains have sharply reduced unemployment, fiscal sustainability has been largely restored and corporate profits are high. The short-term outlook is for further growth near potential (albeit crisis-reduced at about 2%), where well-designed investments in infrastructure, skills and green growth would contribute to a more robust and sustainable expansion.

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