Germany: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/161, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; bond yield; economy; rate; Ten-year government bond bond yield; bank restructuring law; headline inflation; Rebounding export market share; funding strategy; employment creation; labor market bottleneck; Commercial banks; Cooperative banks; Financial sector stability; Labor markets; Loans; Global; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 64
Date: 2012-07-03
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