{
  "title": "Germany: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, January 18, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-staff-report-for-the-2005-article-iv-consultation-18814",
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  "summary": "This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope for some further firming of growth in the course of 2006. The recovery, however, remains unbalanced, and strong exports have yet to feed through into higher household spending.",
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    {
      "heading": "Summary findings",
      "content": "- Economic activity in Germany is \"slowly picking up\", with \"scope for some further firming of growth in the course of 2006.\"\n- The recovery \"remains unbalanced.\"\n- \"Strong exports have yet to feed through into higher household spending.\"\n- \"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.\""
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    {
      "heading": "Growth projections and labor-market note",
      "content": "- Headline growth is forecast at 1 percent in 2005 and 1.5 percent in 2006, implying \"a gradual recovery in working-day-adjusted terms.\""
    },
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      "heading": "Key thematic subjects and keywords (as listed)",
      "content": "- Subjects: Commercial banks, Employment, Financial institutions, Labor, Labor markets, Wages\n- 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\n\nInternational Monetary Fund — Germany: Staff Report for the 2005 Article IV Consultation\n\n---\n\n Content in this bundle\n\n- cr0616\n  - cr0616 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0616 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 18, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451810493.002",
    "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.\"",
    "Headline growth is forecast at 1 percent in 2005 and 1.5 percent in 2006, implying \"a gradual recovery in working-day-adjusted terms.\"",
    "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",
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