Germany: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany
Electronic Access:
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Summary:
This 2017 Article IV Consultation highlights that Germany’s growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, while public consumption and investment in construction accelerated further. Following a soft patch for most of the year, exports and investments in equipment have rebounded in the most recent quarters. Real GDP is expected to grow by 1.8 percent in 2017 and 1.6 percent in 2018, increasing the already positive output gap and pushing up core inflation. Over the medium term, population aging and slow progress on structural reforms is expected to weigh on growth.
Series:
Country Report No. 2017/192
Subject:
Commercial banks Cooperative banks Financial institutions Labor Labor markets Public debt Wages
English
Publication Date:
July 7, 2017
ISBN/ISSN:
9781484307908/1934-7685
Stock No:
1DEUEA2017001
Pages:
73
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