Germany: Staff Report for the 2004 Article IV Consultation

November 2, 2004

Preview Citation

Format: Chicago

Germany: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

The staff report for the 2004 Article IV Consultation on Germany highlights economic developments and policies. Profitability in nonfinancial firms has picked up, and corporate balance sheets are being repaired. On the policy front, Germany has made important headway over the past year in addressing deep-seated structural problems. The financial sector is recovering, and updated stress tests confirm the system’s resilience, but progress in market-driven restructuring has been slow. Notably, important strides have been made in pension and health care reform, and in reforming unemployment benefits.

Subject: Expenditure, Labor, Labor markets, Labor policy, Wages

Keywords: CR, Deficit, Expectations component, Global, Growing, Growth outlook, Headline inflation, ISCR, Labor market, Labor markets, Labor policy, Near-term prospect, Outlook, Retirement age, Wages

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/341
Stock No:

1DEUEA0032004
ISBN:

9781451810479
ISSN:

1934-7685

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