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

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 29, 2016

Electronic Access:

Free Full Text (PDF file size is 2135 KB).Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 16/202

Subject:

English

Publication Date:

June 29, 2016

ISBN/ISSN:

9781498333979/1934-7685

Stock No:

1DEUEA2016010

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

76

Please address any questions about this title to publications@imf.org