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In a statement released by the IMF, the main findings of the audit of the German economy within the scope of the Article IV consultation were shared.
The statement said that the German economy began to recover after a major shock, and as inflation weakened further, it is expected to continue to recover gradually this year.
The statement noted that the rapid aging of the population is expected to slow economic growth in the medium term and have a negative impact on public finances.
The statement said that the risks to the economic outlook are generally balanced, and the fiscal stance is expected to be tightened this year to meet the requirements of the “debt brake”.
The statement noted that Germany faces increasing spending pressure in the medium term and said that “to meet the growing spending needs, the authorities should consider moderately relaxing the debt brake.”
The IMF statement also stressed the need for reforms aimed at easing medium-term spending pressures or raising revenues.
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