IMF Staff Country Reports

Germany: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

Publication Date:

July 12, 2011

Electronic Access:

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Summary:

Germany’s economic growth and recovery from the global crisis are explained in this study. Tax, education, and innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and other outward spillovers are outlined. Germany has a high current account and international assets. From a long-term perspective, rebalancing of public finances to promote growth is desirable. Stress tests are conducted to confirm the capital buffers. Finally, the banking system of Germany reflects significant policy measures and economic recovery.

Series:

Country Report No. 2011/168

Subject:

Banking Commercial banks Cooperative banks Corporate income tax Financial crises Financial institutions Financial sector stability Labor Public debt