Germany: Staff Report for the 2001 Article IV Consultation
November 7, 2001
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The German economy has been experiencing as many setbacks as achievements. Continued wage moderation will be essential to aid recovery. Macroeconomic policies are limited by euro area constraints and the sizable public debt burden. Expenditure restraint is the cornerstone of the fiscal adjustment strategy. Labor market rigidities have proved the most intractable structural problem. Germany's record on product market liberalization is favorable and the reform momentum should be kept up. The quality of Germany's statistics is more than adequate for the purpose of effective surveillance.
Subject: Employment, Expenditure, Labor, Labor markets, Wages
Keywords: business confidence, consumer price inflation, CR, DAX index, deficit, ECB interest rate cut, Employment, Global, IMF staff calculation, IMF staff estimate growth, IMF staff projection, ISCR, Labor markets, Stability Program deficit target, Wages
Pages:
50
Volume:
2001
DOI:
Issue:
202
Series:
Country Report No. 2001/202
Stock No:
1DEUEA0012001
ISBN:
9781451810356
ISSN:
1934-7685
