Germany: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
IMF Staff Country Reports, March 30, 2010
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- Germany: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
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Bibliographic details
- Published: March 30, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455202614.002
Economic recovery and outlook
- The German economy is regaining the ground lost in the crisis.
- Drivers of the recovery cited: policy support, restocking, and an uptick in global demand.
- These factors have lifted the economy from the recession.
Fiscal policy and authorities' response
- The authorities used the available fiscal space to implement countercyclical policy measures.
- Executive Directors welcomed the authorities’ fiscal strategy that combines short-term support for the economy with a firm commitment to fiscal consolidation in the medium term.
Financial sector developments and risks
- Financial sector measures helped stabilize financial markets and mitigated systemic risk.
- Despite stabilizing measures, vulnerabilities in the financial sector remain.
Subject coverage and keywords
- Subject areas: Banking, Commercial banks, Cooperative banks, Credit, Employment, Financial crises, Financial institutions, Financial sector, Labor, Labor markets, Money.
- Keywords include: aid rule, Central and Eastern Europe, close-to-balance government budget, Commercial banks, CR, Credit, credit mediator, deficit, demand, Employment, Europe, financial crisis, Global, government, government intervention, government program, ISCR, Labor markets, Rebounding export market share, rules of the European Union, Southern Europe.
Publication and document specifics
- Publication date: March 30, 2010
- Pages: 58
- Volume: 2010
- Issue: 085
- Series: Country Report No. 2010/085
- DOI: https://doi.org/10.5089/9781455202614.002
- Stock No: 1DEUEA2010003
- ISBN: 9781455202614
- ISSN: 1934-7685
International Monetary Fund. "Germany: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany", IMF Staff Country Reports 2010, 085 (2010).