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IMF: German recovery to be moderate; risk to the downside

  • The German economic recovery will be moderate with predominately downside risks.
  • GDP growth will be 1.5% in 2010 and 1.9% in 2011, the IMF forecasts.
  • Budget cutting should begin as soon as the economy firms, which the IMF sees in 2011.
  • There is little time to address the remaining risks in the German financial sector, the IMF reports. The health of the sector has improved, though.
  • Export growth will be limited by US consumer restraint and muted euro area growth.
  • The German deficit to GDP ratio will rise to 5.5% in 2010
By Jamie Coleman  || February 9, 2010 at 15:29 GMT
Category: All, Americas, Politics/Policy, Regions || Tags: , || 0 comments || Add comment
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