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Germany: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

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  • International Monetary Fund

Abstract

This paper discusses the economic performance of Germany. The economy of Germany is projected to slowly rebalance, with domestic demand supported by tight labor market, accommodative monetary conditions, and, in 2016, a fiscal expansion. Declining medium-term growth prospects, however, continue to hold back domestic investment and push up savings, preventing faster rebalancing. Progress has been slow on addressing needs in public infrastructure and stimulating competition in services sector, while mounting aging costs and a successful labor market integration of women and refugees require further policy action. Full use of the room available under fiscal rules to finance additional public investment and growth-friendly structural reforms would be appropriate.

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  • International Monetary Fund, 2016. "Germany: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany," IMF Staff Country Reports 2016/202, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/202
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    References listed on IDEAS

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    1. International Monetary Fund, 2015. "Ireland: Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 2015/077, International Monetary Fund.
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    3. repec:hal:pseose:halshs-01053609 is not listed on IDEAS
    4. Jean-Marc Natal & Nicolas Stoffels, 2007. "Globalization, markups and the natural rate of interest," Working Papers 2007-14, Swiss National Bank.
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