OECD Economic Surveys: Germany 2010 (Oced Economic Surveys)
| Date: 12 April 2011, 03:00
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Product Description:
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.
Table of Content :
-Basic Statistics of Germany, 2008
-Executive summary
-Assessment and recommendations
Chapter 1. Emerging from the crisis
-The economy is coming out of a deep crisis...
-...and the recovery will be slow
-Repairing the damage caused by the crisis
-The strong growth of the export sector and the current account surplus
-Drawing lessons from the crisis
-Annex 1.A1. Progress in structural reform
Chapter 2. Facilitating structural change and preventing long-term unemployment
-Employment reacted with a long lag to the recession...
-...but hours worked have been reduced significantly
-Strict employment protection increases the risk of labour market duality
-Preventing the buildup of long-term unemployment
Chapter 3. After the crisis: Bringing public finances back to a sustainable path
-The economic crisis has reversed financial consolidation
-A new fiscal rule will help to improve public finances...
-...though its design may have to be refined
-Compliance with the new fiscal rule requires fiscal consolidation...
-...which has to be achieved through a combination of expenditure cuts...
-....and revenue-raising measures
-Improving the structure of the tax base
Chapter 4. The banking system Lessons from the financial crisis
-The banking sector was hit hard in the crisis
-What factors led to the imapct of the crisis on German banks and how to fix them?
Chapter 5. Structural reforms to lift potential growth in a globalised world
-Considerable scope remains to lift potential growth
-Economic dynamism needs to be consolidated in export sectors and broadened elsewhere...
-... by making framework conditions more conducive to innovation and structural change
-Product market regulation needs to become more competition friendly
-Innovation should become less dependent on currently strong sectors
-The education reform needs to continue
-Immigration policy needs to make Germany more attractive to high-skilled foreigners
-Annex 5.A1. What factors were behind the German export boom?
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