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Justin Fox

The U.S. Is the Sick Man of the Developed World

Americans' living standards aren't nearly as good as they like to think they are.
Left behind.

Left behind.

Photographer: John Moore/Getty Images

What do the economists at the International Monetary Fund see when they look at the U.S.? An economy in the midst of a long expansion ("its third longest expansion since 1850"), with "persistently strong" job growth, "subdued" inflation and something close to "full employment." But also this:

The IMF then goes on to compare the U.S. with 23 other advanced economies in the Organization for Economic Cooperation and Development in this chart: