Germany: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

June 29, 2016

Preview Citation

Format: Chicago

Germany: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany, (USA: International Monetary Fund, 2016) accessed November 24, 2024

Summary

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 2016, a fiscal expansion. Declining medium-term growth prospects, however, continue to hold back domestic investment and push up savings, preventing faster rebalancing. Progress has been slow on addressing needs in public infrastructure and stimulating competition in services sector, while mounting aging costs and a successful labor market integration of women and refugees require further policy action. Full use of the room available under fiscal rules to finance additional public investment and growth-friendly structural reforms would be appropriate.

Subject: Commercial banks, Employment, Financial institutions, Labor, Labor markets, Wages

Keywords: Article IV consultation discussion, Commercial banks, Core inflation, CR, Credit growth, Employment, Europe, GDP, Germany, Global, Government, Government plan, Growth momentum, Headline inflation, House price development, IMF staff calculation, ISCR, Labor markets, Staff assessment candid, Wages

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/202
Stock No:

1DEUEA2016010
ISBN:

9781498333979
ISSN:

1934-7685

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