IMF: Germany’s cyclical upswing will continue in the short-term

According to the International Monetary Fund (IMF), Germany’s cyclical upswing is expected to continue in the near-term, while the country's fiscal position continues to strengthen with debt fallen to 68.3% of GDP in 2016.

Additional headlines:

   •  A sustained rise in wage and price inflation is required to help lift inflation in the Euro-zone
   •  Recommends Germany makes pension reforms to make it more attractive to work longer
   •  Current fiscal policy should aid growth potential by encouraging investment, promoting labour supply, and boosting productivity
   •  A re-examination of revenue projection models should be undertaken to improve fiscal planning
   •  German mortgage market warrants close monitoring