IMF Staff Country Reports

Germany: Recent Economic Developments

Publication Date:

October 23, 1995

Summary:

This paper reviews economic developments in Germany during 1990–95. In early 1995, both western and eastern Germany seemed well poised to continue on their respective growth paths. However, the economy was then confronted by a sharp nominal appreciation of the deutsche mark—translating into a 5½ percent real effective appreciation between December 1994 and June 1995, most of it during February—which brought with it significant risks to exports and thereby to investment and to the recovery in general.

Series:

Country Report No. 1995/100

Subject:

Aging Expenditure Government debt management Labor Population and demographics Public financial management (PFM) Unemployment Wage adjustments Wages

Notes:

This report on recent economic developments in Germany was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.