OECD Economic Surveys: Germany 2010
This 2010 edition of OECD's periodic survey of the German economy includes chapters covering emerging from the crisis, facilitating structural change and preventing long-term unemployment, bringing public finances back to a sustainable path, lessons from the financial crisis for the banking system, and structural reforms to lift potential growth in a globalised world.
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Executive summary
The German economy is recovering from a severe recession that followed the collapse of world trade. As pre-crisis production levels are likely to be reached again only over the medium term, unemployment and the budget deficit are set to rise further. The crisis has demonstrated the high exposure of the economy to global developments and revealed some underlying structural weaknesses. In this context, the main challenges are to safeguard a sustainable recovery and boost Germany’s growth potential:
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