• SOURCE: IMF

IMF US Economy

ID

477065

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Washington, DC – Recent 1. B-ROLL: Exterior IMF Washington, DC --- 27 June 2017 2. Walk-up news conference 3. Reporters cutaway 4. SOUNDBITE: (English) Alejandro Werner, Director Western Hemisphere Department: “We have decided to remove that assumed stimulus from our forecast and base our projections on unchanged policies. This in large part reflects the uncertainty about the nature of the macroeconomic policies that will be put in place in the coming months. As a result of the change in assumptions, we have lowered our near-term growth projection relative to that which was published in the April World Economic Outlook.” 5. Cutaway Reporter 6. SOUNDBITE: (English) Alejandro Werner, Director Western Hemisphere Department: “All in all, in our judgement, the U.S. economic model is not working as well as it could in generating broadly shared income growth. There was agreement with the U.S. authorities on the objectives that need to be achieved to ensure stronger and more inclusive growth going forward. As we have emphasized in past consultations, these include: generating faster economic and productivity growth, stimulating job creation, incentivizing business investment, balancing the budget and bringing down the public debt, and creating the fiscal space that is needed to finance priorities such as infrastructure and investments in human capital.” 7. Reporter cutaway 8. SOUNDBITE: (English) Nigel Chalk / US Mission Chief: “We can certainly see in household at the lower-end of the income distribution, with children, have a significantly lower labor force participation rates than households; so all of those things tell us that, both on productivity and on labor force participation there are constraints that are being put on this economy by income polarization and a high-level poverty. And that's why in the report and in some of our analytical work we've kind of emphasized measures like: subsidized childcare, like paid family leave, earned income tax credit with an increase in the minimum wage.” Washington, DC – Recent 9. B-ROLL: Exterior IMF
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