Current trends – Municipal finances in East Germany: Considerable decline of investment spending; no improvements of revenues
Also in this issue
- Solidarity Pact II -: The responsibilities of the New Länder
in: Wirtschaft im Wandel, No. 10, 2001
Abstract
In June 2001 the so called "Solidarity Pact II" between the East German States and the Federal Government was set in effect. Federal payments due to the still existing deficit in infrastructure were aggreed upon for the next 20 years. However, as the scope for future payments is limited, public spending has to aim for growth purposes in a more strictly manner than in the past.
Business cycle in Germany: Bottom phase almost completed
in: Wirtschaft im Wandel, No. 10, 2001
Abstract
In the report, the economic situation in Germany and in the Eurozone in the current year 2001 and in the following year 2002 is analyzed and forecasted in detail. Due to the unfavorable global economic situation and the unexpectedly high inflation, GDP growth has been slowing down in Germany in the year 2001. In 2002, growth will regain momentum. In the remaining course of this year, inflation will abate, thus allowing the European Central Bank leeway for an ease in monetary policy, provided wage increases remain moderate. Due to the cyclically lower revenues and higher expenditures, the public deficit will be temporarily higher than projected in the Stability Program. This should not be counteracted so as not to further endanger economic growth. The main National Accounts data for Germany are summarized in a detailed table in the appendix.
East German construction industry June 2001: Early slump in companies' business expectations
in: Wirtschaft im Wandel, No. 10, 2001
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