자료유형 | 단행본 |
---|---|
서명/저자사항 | Tests of German Resilience/ prepared by Fabian Bornhorst and Ashoka Mody. |
개인저자 | Bornhorst, Fabian,1976-. Mody, Ashoka, |
단체저자명 | International Monetary Fund. Research Department. |
발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
형태사항 | 1 online resource (27 pages). |
총서사항 | IMF working paper;WP/239 |
ISBN | 9781475512458 1475512457 |
일반주기 |
Title from PDF title page (IMF Web site, viewed Oct. 5, 2012).
"Research Department." "October 2012." |
서지주기 | Includes bibliographical references. |
요약 | From its early post-war catch-up phase, Germany's formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and helped emerge from stagnation. Volatile external demand, in turn, has elevated German GDP growth volatility by advanced countries' standards, keeping domestic consumption growth at surprisingly low levels. As a consequence, despite the size of its economy and important labor market reforms, Germany's ability to act as global locomotive has been limited. With increasing competition in its traditional areas of manufacturing, a more domestically-driven growth dynamic, especially in the production and delivery of services, will be good for Germany and for the global economy. Absent such an effort, German growth will remain constrained, and Germany will play only a modest role in spurring growth elsewhere. |
주제명(지명) | Germany. --fast |
일반주제명 | Economic development --Germany. BUSINESS & ECONOMICS --Industries --General. Economic development. |
언어 | 영어 |
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