Germany: Staff Report for the 2005 Article IV Consultation

January 18, 2006

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Germany: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope for some further firming of growth in the course of 2006. The recovery, however, remains unbalanced, and strong exports have yet to feed through into higher household spending. Although the risks to the outlook are broadly neutral, an unwinding of global imbalances and higher oil prices could yet provide headwinds for the recovery. On balance, headline growth is forecast at 1 percent in 2005 and 1.5 percent in 2006, implying a gradual recovery in working-day-adjusted terms.

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

Keywords: Asia and Pacific, Coalition agreement, Commercial banks, Consolidation strategy, CR, Deficit, Employment, General government balance, Global, Government, Income, ISCR, Labor market, Labor market market trend, Labor markets, Long-Run Fiscal Sustainability Report, ODA funding, Reform, Reform agenda, Stability program, Wages

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/016
Stock No:

1DEUEA2006001
ISBN:

9781451810493
ISSN:

1934-7685

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