Economic Survey - United States 2004

The OECD assessment and recommendations on the main economic challenges faced by the United States are available by clicking on each chapter heading below.

Sustaining strong growth and social cohesion: key challenges
What is the short-term outlook for the United States? How can good economic performance be sustained? What are the factors underlying the large external deficit and how can it be reduced? Has there been progress in environmental policies? Are trade and agricultural policies moving in the right direction? Do social policies need attention?

Ensuring fiscal sustainability and budgetary discipline
What needs to be done to put government finances on a sound footing? How can the long-term solvency of the entitlement programmes be assured? If necessary, how should revenues be raised?

See also ECO Workign Paper 390: Channels for narrowing the US current account deficit and implications for other economies

Maintaining price stability
Is there room for improving the monetary policy framework?

Improving confidence in financial markets
Have weaknesses in corporate governance been appropriately addressed? What should be done to address problems affecting housing finance companies and corporate pension plans?

Product market competition and economic performance
In what way could competition policy be improved? What are the challenges regarding intellectual property rights? What measures should be taken to further promote competition in telecommunications? How can efficiency and competition in the electricity sector be improved?

See also ECO Working Paper 398 Product market competition and economic performance in the United States

A printer-friendly Policy Brief (pdf format) may also be downloaded.  The Policy Brief contains the OECD assessment and recommendations, but does not include all of the charts available from the above pages.

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The full edition of the OECD Economic Survey for the United States is available from:

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