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Germany : 2018 Article IV Consultation
Press Release; Staff Report and Statement by the Executive Director for Germany

Series:Country Report No. 18/208
ISBN 9781484366158
Code: #1DEUEA2018001

Publication year: 2018

Cdn: $23.50; US: $18.00
Language: English
106 pages
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The Germany economy has performed very well in recent years, supported by prudent economic management and past structural reforms. Growth is robust, employment is rising, and the unemployment rate has fallen to levels not seen in decades. Inflation remains low but wage growth is picking up, reflecting the strength of the labor market. Looking beyond these positive cyclical developments, unfavorable demographics will soon weigh on potential growth and put pressure on public finances. Having already accumulated sizable buffers through savings, Germany should now prioritize domestic investment in physical and human capital to prepare for the future. The new government's coalition agreement contains several welcome measures in this direction, but more forceful actions to boost labor supply and increase labor productivity would help stimulate domestic investment and reduce Germany’s large current account surplus.
Germany : 2018 Article IV Consultation
Cdn: $23.50; US: $18.00
International Monetary Fund (IMF) BookID: 123086 Added: 2018.7.6