Germany: Staff Report for the 2012 Article IV Consultation
International Monetary Fund, Jul 3, 2012 - Business & Economics - 64 pages
This 2012 Article IV Consultation reports that the German economy’s performance has been remarkable despite facing considerable headwinds. Several conditions are now in place in Germany for a domestic demand-led recovery. Employment creation has been robust and unemployment at 5.3 percent is at a postreunification low. Executive Directors have commended Germany’s strong macroeconomic management, which has resulted in a favorable economic performance despite the uncertain external environment. Directors have underscored Germany’s pivotal role in reducing euro area and global imbalances.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
AML/CFT Article IV consultation assessment asset price authorities BaFin balance sheets Basel II baseline billion capital Commercial banks consumption current account surplus Czech Republic debt deleveraging Deutsche Bundesbank developments domestic demand downside risks employee stock options employment Equity ESRB euro area countries euro area periphery European European Investment Bank Eurosystem exports exposures Federal Statistical Office Financial derivatives financial sector Financial Shocks financial stability fiscal spillovers fiscal stimulus German banks German economy Germany Germany’s global Greece IMF Country Report IMF staff calculations IMF staff estimates IMF Working Paper implementation increase inﬂation interbank rate interest rate International Monetary Fund investment Ivanova labor force labor market Landesbanken lending loans macroeconomic macroprudential policies medium term monetary outlook output gap outward spillovers Overall percent of GDP Portugal raise potential growth rebalancing reﬂecting regulatory restructuring Savings banks SDRs SoFFin Sources Spain staff report strengthening structural reforms trade