Yen warning

Article Abstract:

Germany plans to increased value added tax in April 1998, though the German economic recovery is still weak. There is a danger that this tax rise could jeopardize economic growth, repeating events in Japan in April 1997. The German mark and German economic growth could both drop. There is no certainty that the mark will drop in relation to pound sterling since the pound could weaken as UK economic growth slows and interest rates are reduced. A rise in the value of the pound in relation to the mark would hit United Kingdom manufacturers.

Public Finance Activities, Administration of General Economic Programs, Tax Administration, Currency Stabilization Programs, Prices and rates, Value-added tax, Currency stabilization, Mark (Germany)

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Chinks in the armour

Article Abstract:

German appears to have a political consensus and steady economic growth, but there are a number of concerns such as unemployment and sluggish domestic demand. Exports have performed better and have been aided by the low value of the German mark and a strong international economy. There are differences in the level of prosperity found in the poorer eastern Germany and the western part of the country. There is also concern that tax reform needs to be carried out and that labor market are too inflexible.

Economic indicators

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