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Germany: Staff Report for the 2012 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2012 Article IV Consultation reports that the German economy’s performance has been remarkable despite facing considerable headwinds. Several conditions are now in place in Germany for a domestic demand-led recovery. Employment creation has been robust and unemployment at 5.3 percent is at a postreunification low. Executive Directors have commended Germany’s strong macroeconomic management, which has resulted in a favorable economic performance despite the uncertain external environment. Directors have underscored Germany’s pivotal role in reducing euro area and global imbalances.

Suggested Citation

  • International Monetary Fund, 2012. "Germany: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/161, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/161
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26036
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    Cited by:

    1. Luigi Bonatti & Andrea Fracasso, 2013. "Origins and prospects of the Euro existential crisis," DEM Discussion Papers 2013/03, Department of Economics and Management.
    2. Bornhorst, Fabian & Mody, Ashoka, 2012. "Test of the German resilience," CFS Working Paper Series 2012/14, Center for Financial Studies (CFS).
    3. Fabian Bornhorst & Mr. Ashoka Mody, 2012. "Tests of German Resilience," IMF Working Papers 2012/239, International Monetary Fund.
    4. Luigi Bonatti & Andrea Fracasso, 2013. "The German Model and the European Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 51(6), pages 1023-1039, November.

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