IMF Staff Country Reports

Germany: Staff Report for the 2012 Article IV Consultation

Publication Date:

July 3, 2012

Electronic Access:

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Summary:

This 2012 Article IV Consultation reports that the German economy’s performance has been remarkable despite facing considerable headwinds. Several conditions are now in place in Germany for a domestic demand-led recovery. Employment creation has been robust and unemployment at 5.3 percent is at a postreunification low. Executive Directors have commended Germany’s strong macroeconomic management, which has resulted in a favorable economic performance despite the uncertain external environment. Directors have underscored Germany’s pivotal role in reducing euro area and global imbalances.

Series:

Country Report No. 2012/161

Subject:

Banking Commercial banks Cooperative banks Financial institutions Financial sector policy and analysis Financial sector stability Labor Labor markets Loans