Germany: Recent Economic Developments
October 23, 1995
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This paper reviews economic developments in Germany during 1990–95. In early 1995, both western and eastern Germany seemed well poised to continue on their respective growth paths. However, the economy was then confronted by a sharp nominal appreciation of the deutsche mark—translating into a 5½ percent real effective appreciation between December 1994 and June 1995, most of it during February—which brought with it significant risks to exports and thereby to investment and to the recovery in general.
Subject: Aging, Expenditure, Government debt management, Labor, Population and demographics, Public financial management (PFM), Unemployment, Wage adjustments, Wages
Keywords: above-tariff wage, Aging, company, CR, deficit, Europe, expenditure growth, federal budget, federal deficit, further wage catch up, Government debt management, higher-than-expected wage, IMF staff estimate, ISCR, pay settlement, Wage adjustments, wage rise, wage round, Wages
Pages:
85
Volume:
1995
DOI:
Issue:
100
Series:
Country Report No. 1995/100
Stock No:
1DEUEA0011995
ISBN:
9781451810295
ISSN:
1934-7685
Notes
This report on recent economic developments in Germany was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
