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Germany: 2013 Article IV Consultation
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 255
Language:
English
Publication Date:
06 Aug 2013
DOI:
https://doi.org/10.5089/9781484399712.002
ISBN:
9781484399712
ISSN:
1934-7685
Pages:
66
Keywords:
ISCR; CR; Germany; center; authority; euro; policy uncertainty; sound balance sheets; energy policy; reinforcing downside risk; staff appraisal; Commercial banks; Cooperative banks; Financial statements; Fiscal stance; Labor markets; Global; Europe
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This 2013 Article IV Consultation highlights that Germany’s economic rebound of 2010–11 gave way to weakening momentum during the course of 2012. Although exports to non-European trading partners began to recover by mid-2012, in line with improved prospects in the United States and emerging economies, exports to the rest of the euro area continued to decline as the recession in the region continued. Consumption grew robustly as German unemployment remained near post-reunification lows. The outlook for the remainder of 2013 and 2014 is heavily dependent on a gradual recovery in the rest of the euro area and a sustained reduction in uncertainty.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund