2012 OECD Economic Surveys: Germany 2012

image of OECD Economic Surveys: Germany 2012

OECD's 2012 Economic Survey of Germany examines recent economic developments, policies and prospsects as well as a more detailed look at labour market reforms and climate change policies.

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Executive summary

Following a rapid recovery from the 2008-09 recession, growth has slowed in the second half of 2011 and the economy is facing a soft patch with significant downside risks to activity. On the domestic front, a return to lower growth rates from the strong prior upswing was to be expected from a cyclical perspective as potential growth remains weak. This downswing is exacerbated by the substantial deterioration of world trade growth and a loss of confidence due to the euro area debt crisis.

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