Germany: Recent Economic Developments

International Monetary Fund

No 1995/100, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; federal deficit; wage rise; company; deficit; federal budget; higher-than-expected wage; IMF staff estimate; wage round; above-tariff wage; pay settlement; further wage catch up; expenditure growth; Wages; Wage adjustments; Aging; Government debt management; Europe (search for similar items in EconPapers)
Pages: 85
Date: 1995-10-23
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