This Selected Issues paper highlights impact of high-energy prices on Germany's potential output. The surge in energy prices since Russia's invasion of Ukraine has led to a contraction in the energy-intensive sector's production, while the nonenergy intensive sector's industrial production has...

This 2023 Article IV Consultation discusses that the German economy has demonstrated resilience following the shut-off of Russian gas supply in the year 2022. The energy shock and tightening financial conditions are expected to keep annual gross domestic product (GDP) growth slightly negative in...

KEY ISSUES Context: ? Germany fundamentals are sound: balance sheets are generally healthy, unemployment is at a historic low, and the fiscal position is strong. ? While a recovery is underway, medium-term growth prospects are subdued and the current account surplus remains high. The economy...

This Selected Issues paper on Germany focuses on current economic condition in the country. The build-up of Germany's current account surplus over the last decade does not lend itself to a single-factor explanation, as both global and domestic factors, as well as policy changes led to increased...

This Technical Assistance Report on Montenegro highlights Public Investment Management Assessment. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of gross domestic product, fiscal space...

This 2022 Article IV Consultation with Germany discusses that before Russia's invasion of Ukraine, economic activity in Germany was firming up. Uncertainty is very high, with risks to the baseline growth forecast skewed downward and risks to the inflation forecast skewed upward. The greatest...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

Albania's economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby...