UID:
edoccha_9958077847602883
Format:
1 online resource (72 p.)
ISBN:
1-5135-2131-4
,
1-5135-2669-3
Series Statement:
IMF Staff Country Reports
Content:
This 2015 Article IV Consultation highlights that the ongoing upturn in Germany is benefiting from the euro depreciation and lower energy prices, and is underpinned by a healthy fiscal position and sound corporate and household balance sheets. Employment growth has been robust, supported by strong immigration. The unemployment rate hit an additional post-reunification low at 4.7 percent. The oil price drop brought inflation temporarily close to zero, which has contributed to lift real wage growth to a 20-year high. The current moderate growth momentum is expected to continue as robust real wages buoy private consumption and euro depreciation buttresses exports, opening the way for a recovery in machinery and equipment investment.
Note:
Description based upon print version of record.
,
Cover; CONTENTS; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; A. The Economy Remains on an Uptrend; FIGURES; 1. Germany: Growth Outlook; 2. Prices and Labor Market; 3. Balance of Payments; 4. Fiscal Developments and Outlook; 5. Credit Conditions and Asset Prices; 6. Recent Developments in the German Banking Sector; B. Outlook and Risks; BOXES; 1. Impact on Germany of Slower Growth in Emerging Markets; EXTERNAL ASSESSMENT; POLICY DISCUSSIONS; A. Strengthening Both Growth Potential and Domestic Demand while Reducing External Imbalances; 2. Potential Output in Germany
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3. The Hartz Labor Market Reforms 10 Years onB. Public Investment; C. Structural Reforms: Services Sector and Energy; D. Countering Adverse Demographics: Female Labor Force Participation; E. Monetary and Financial Sector Policies; STAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2012-16; 2. General Government Operations, 2012-20; 3. Medium-Term Projections, 2012-20; 4. Balance of Payments, 2012-20; 5. International Investment Position, 2006-14; 6. Core Financial Soundness Indicators for Banks; 7. Additional Financial Soundness Indicators; APPENDICES; I. Risk Assessment Matrix
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II. Authorities' Response to Past IMF Policy RecommendationsIII. Main Outstanding 2011 FSAP Update Recommendations; IV. Public Debt Sustainability Analysis; V. External Sector Report Country Page: Germany; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES
Additional Edition:
ISBN 1-5135-1116-5
Additional Edition:
ISBN 1-5135-7470-1
Language:
English
