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Germany 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

The economy contracted in 2023 due to high energy prices and interest rates. Headline inflation has fallen sharply as end-user energy prices have stabilized, but core inflation remains somewhat stickier, driven by services. Falling inflation and tight labor markets have turned real wage growth posit...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:IMF Staff Country Reports
Subjects:
Labor Market
Labor
Public Investments
Financial Institutions
Price Level
Banking
Deflation
Inflation
Energy: Demand And Supply
Prices
Expenditure
Public Finance & Taxation
Macroeconomics
Currency
Demand And Supply Of Labor: General
Banks
Micro Finance Institutions
Foreign Exchange
Labour
Commercial Banks
Other Public Investment And Capital Stock
Income Economics
Banks And Banking
National Government Expenditures And Related Policies: Infrastructures
Mortgages
Labor Markets
Depository Institutions
Public Finance
Public Investment Spending
Germany
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The economy contracted in 2023 due to high energy prices and interest rates. Headline inflation has fallen sharply as end-user energy prices have stabilized, but core inflation remains somewhat stickier, driven by services. Falling inflation and tight labor markets have turned real wage growth positive. High interest rates have boosted bank profitability, but part of this increase is likely temporary. High interest rates have exposed vulnerabilities in banks’ financing of commercial real estate activity
Physical Description:92 pages
ISBN:9798400283260

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