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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 1.4 1.5
Consumer Prices 0.9 1.2
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Germany: Financial Position in the Fund

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IMF and Euro Area

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Germany and the IMF
Updated October 14, 2014

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IMF Survey Online
July 31, 2014 -- Podcast : How Fiscal Policy Can Address Energy’s Environmental Impacts
Fiscal policies should be center stage in getting energy prices to reflect the harmful health and environmental side effects associated with energy use, according to a new report released by the IMF.
September 13, 2013 -- IMF Survey : Mind the Gap: Narrowing Imbalances, while Maintaining Growth
Five years on since the crisis, the G20 advanced and emerging market economies have showed some progress in reducing their major internal and external imbalances. But greater coordinated policy action is necessary for sustainable global growth, says a new analysis by IMF staff.
August 06, 2013 -- IMF Survey : Euro Area Uncertainty Holds Back Stronger Recovery in Germany
Despite strong fundamentals, heightened uncertainty about the euro area is holding back more robust growth in Germany, and the country’s economic activity is expected to be weak in 2013, the IMF says in its annual review of Europe’s biggest economy.
September 17, 2012 -- IMF Survey: Global House Prices Still Showing Down Trend
U.S. house prices have started to pick up but globally prices are still on a down trend, according to IMF research. Price trends vary widely between countries, with Ireland, Greece, Portugal, and Spain seeing the biggest falls in the past year and Brazil and Germany, substantial increases.
July 24, 2012 -- IMF Survey: Global Downturn Contributes to China Slowdown
China’s growth rate is set to moderate to around 8 percent this year due to measures by the authorities to cool the economy, and the global slowdown, say IMF economists in their latest assessment of the world’s second-largest economy.
July 03, 2012 -- IMF Survey: German Economy Fares Well But Reform Agenda Still Unfinished
Despite looming risks, Germany continues to perform relatively well, the IMF says in its annual report on the economy. The IMF calls for policies to steer the recovery while guarding against risks, and says faster structural and financial reforms should help raise Germany’s growth potential.
July 12, 2011 -- IMF Survey: Germany's Impressive Recovery Presents Reform Opportunity
The German economy is going from strength to strength. The IMF is expecting growth of 3 percent this year, after the economy expanded by 3.5 percent in 2010. Yet Germany faces its own set of challenges.
February 25, 2011 -- IMF Survey: Restoring Growth Key Priority for Europe
Europe needs a stronger focus on rebuilding competitiveness to restore growth and create new jobs, according to Antonio Borges, the IMF's new Director for Europe. The policy agenda should be broadened much beyond fiscal consolidation, he said.
March 30, 2010 -- IMF Survey: Modest Recovery in Store for Germany
The IMF is forecasting growth of 1.2 percent of GDP this year, followed by 1.7 percent in 2011. Reflecting Germany's role as the world's second largest exporter, the pickup in global trade is the main factor behind the recovery, although fiscal stimulus continues to provide support to the economy.
December 28, 2009 -- IMF Survey: Multi-Speed Recovery Seen for Europe
As 2009 draws to a close, IMF European Department Director Marek Belka says that what is striking about Europe is how differently countries fared during the global crisis. These different points of departure will also make for a multi-speed recovery, Belka argues.
November 18, 2009 -- IMF Survey: Comparing Recessions in Germany, Spain, and United Kingdom
While the global financial crisis and recession have hit all of Europe’s economies, the impact has varied considerably across countries. Output and employment, for instance, have moved quite differently in Germany, Spain, and the United Kingdom, three of the larger European countries, according to IMF research.
March 26, 2009 -- IMF Survey: Time to Rethink Global Economic Framework?
The buildup of debt in the United States and a handful of other countries fueled the growth of the world economy over the past few years, writes Rudolf Witske.
February 06, 2009 -- IMF Survey: Stimulus Measures Bolstering Demand Amid Crisis, IMF Says
Most of the world's leading advanced and emerging market economies have adopted stimulus measures to counter the growing financial and economic crisis, according to an analysis by the IMF that estimates the collective impact on growth of around ½ -1¼ percentage points.
January 22, 2009 -- IMF Survey: Germany Faces Extended Downturn Despite Stimulus
A combination of slowing demand for German exports because of the global recession, continued caution among German consumers, and a sharp drop in investment will result in a dramatic contraction in Europe's largest economy in 2009, according to an IMF analysis.
January 21, 2009 -- IMF Survey: Don't Forget the Role Automatic Stabilizers Can Play
When recession hits a market economy, trends such as lower tax takes and higher unemployment benefit payouts effectively ease fiscal policy. These "automatic stabilizers" have a prominent role in European economies, writes Horst Siebert of the Kiel Institut.