Germany: Staff Report for the 2015 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2015 Article IV Consultation highlights that the ongoing upturn in Germany is benefiting from the euro depreciation and lower energy prices, and is underpinned by a healthy fiscal position and sound corporate and household balance sheets. Employment growth has been robust, supported by strong immigration. The unemployment rate hit an additional post-reunification low at 4.7 percent. The oil price drop brought inflation temporarily close to zero, which has contributed to lift real wage growth to a 20-year high. The current moderate growth momentum is expected to continue as robust real wages buoy private consumption and euro depreciation buttresses exports, opening the way for a recovery in machinery and equipment investment.
Series:
Country Report No. 2015/187
Subject:
Balance of payments Banking Commercial banks Cooperative banks Current account surpluses Expenditure Financial institutions Labor Public investment and public-private partnerships (PPP)
English
Publication Date:
July 15, 2015
ISBN/ISSN:
9781513511160/1934-7685
Stock No:
1DEUEA2015001
Pages:
71
Please address any questions about this title to publications@imf.org