Germany: Staff Report for the 2006 Article IV Consultation
December 14, 2006
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The three-point VAT increase is part of a package in which unemployment payroll taxes will be reduced. Risks to the recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its external strength to the domestic economy, thus further broadening the recovery and creating conditions for sustained high growth. The authorities are undertaking a review of active labor market policies (ALMPs) with a view to curtailing their number.
Subject: Banking, Commercial banks, Cooperative banks, Employment, Financial institutions, Labor, Wages
Keywords: Commercial banks, Cooperative banks, core rate of inflation, CR, deficit, Employment, Europe, fund staff projection, Global, government, ISCR, labor productivity growth, rate, staff appraisal, unemployment insurance rate, Wages
Pages:
72
Volume:
2006
DOI:
Issue:
438
Series:
Country Report No. 2006/438
Stock No:
1DEUEA2006005
ISBN:
9781451810530
ISSN:
1934-7685
