Germany: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

July 7, 2017

Preview Citation

Format: Chicago

Germany: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany, (USA: International Monetary Fund, 2017) accessed September 20, 2024

Summary

This 2017 Article IV Consultation highlights that Germany’s growth momentum has remained solid, underpinned by robust domestic demand. In 2016, strong employment growth continued to support private consumption, while public consumption and investment in construction accelerated further. Following a soft patch for most of the year, exports and investments in equipment have rebounded in the most recent quarters. Real GDP is expected to grow by 1.8 percent in 2017 and 1.6 percent in 2018, increasing the already positive output gap and pushing up core inflation. Over the medium term, population aging and slow progress on structural reforms is expected to weigh on growth.

Subject: Commercial banks, Cooperative banks, Financial institutions, Labor, Labor markets, Public debt, Wages

Keywords: Bundesbank, Commercial banks, Cooperative banks, Core inflation, CR, Debt ratio, Europe, Global, IMF staff calculation, ISCR, Job coaching, Labor markets, Price growth, Public debt debt ratio, Staff assessment candid, Surplus, Venture capital, Wages

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/192
Stock No:

1DEUEA2017001
ISBN:

9781484307908
ISSN:

1934-7685

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