Germany: Staff Report for the 2002 Article IV Consultation

October 31, 2002

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Germany: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

This 2002 Article IV Consultation highlights that Germany’s economy is poised for a fragile recovery, after having barely grown since mid-2000. The earlier price shocks and interest rate hikes that contributed to the current slowdown have now unwound. However, sluggish global growth, stock market declines, weak credit growth, and the withdrawal implied by planned fiscal consolidation may stand in the way of a strong recovery. Real GDP growth in 2002 is estimated at about 0.5 percent, with the general government deficit set to exceed 3 percent of GDP.

Subject: Expenditure, Labor, Labor markets, Unemployment, Wages

Keywords: Authorities intention, CR, Deficit, Expectations component, German authorities, Global, Government, Growth projection, IMF staff projection, Increase incentive, ISCR, Labor markets, Middle East, Unemployment, Wage, Wages, ZEW sentiment indicator

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/239
Stock No:

1DEUEA0012002
ISBN:

9781451810363
ISSN:

1934-7685

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