IMF urges Germany to spur domestic demand

Published July 3, 2012 2:24pm ET



BERLIN (AP) — The International Monetary Fund on Tuesday praised Germany’s strong economic record in the face of turmoil in financial markets and Europe’s debt crisis, but urged Berlin to take the opportunity to boost domestic demand in case exports drop off.

In an annual report on Europe’s biggest economy, the IMF said low unemployment and healthy pay increases for workers would normally lift consumer spending, and recommended the government allow this to happen.

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