Germany: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, January 18, 2006
Source details
- Canonical URL
- Germany: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: January 18, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810493.002
Summary findings
- Economic activity in Germany is "slowly picking up", with "scope for some further firming of growth in the course of 2006."
- The recovery "remains unbalanced."
- "Strong exports have yet to feed through into higher household spending."
- "Although the risks to the outlook are broadly neutral, an unwinding of global imbalances and higher oil prices could yet provide headwinds for the recovery."
Growth projections and labor-market note
- Headline growth is forecast at 1 percent in 2005 and 1.5 percent in 2006, implying "a gradual recovery in working-day-adjusted terms."
Key thematic subjects and keywords (as listed)
- Subjects: Commercial banks, Employment, Financial institutions, Labor, Labor markets, Wages
- Keywords: Asia and Pacific, coalition agreement, Commercial banks, consolidation strategy, CR, deficit, Employment, General government balance, Global, government, income, ISCR, labor market, labor market market trend, Labor markets, Long-Run Fiscal Sustainability Report, ODA funding, reform, reform agenda, stability program, Wages
International Monetary Fund — Germany: Staff Report for the 2005 Article IV Consultation