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Monetary policy continues to support the recovery in various waysTable 1. Main macroeconomic and financial indicators; Figure 3. The energy-related spike in inflation is projected to fade away; The general government budget deficit has started to decline; Figure 4. Fiscal deficits are large; Table 2...

A longer-run concern is the slow growth in labour income for much of the populationProgress in education attainment is critical to securing future gains in income; Figure 9. Hourly compensation has lagged behind the gains in labour productivity; Figure 10. US tertiary attainment rates have stagnated...

Several factors have contributed to a rise in income inequalityFigure 11. Income inequality has increased to a high level; Education reform has the potential for a double dividend: higher growth and less inequality; Reforms to the tax system can help in reducing income inequality; Figure 12. The US...

Better targeting and simplifying of transfer programmes would help combat poverty