Germany: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/341, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2003 Article IV Consultation discussions took place against a backdrop of serious concerns about the health and prospects for the economy. The authorities saw the revised policy strategy as providing an important boost to confidence and the right balance of supply-side initiatives and demand-side support to revitalize growth. The key challenge in the financial sector is to maintain a healthy balance between competition and financial stability. The authorities have made progress in bringing key elements of their reform program closer to implementation.

Keywords: ISCR; CR; deficit; government; proceeds; retirement age; subsidy; Ifo composite index; reform unemployment benefits; health care reform package; banking system; staff appraisal; early retirement; Commercial banks; Wages; Global; Europe (search for similar items in EconPapers)
Pages: 49
Date: 2003-11-06
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