EZA 609 - Germany Economy

17 May 2004

German tax shortfall; SGP breach forecast 2004, but lower growth f/c provides scope for better outlook
.

SummaryNeither German tax experts nor Finance Minister Eichel expect to achieve SGP budget deficit target for 2004… · ….but more realistic (and lower) growth forecast leaves more scope for a pleasant surprise than for some time · Shift in political mood in favour of larger deficits and CDU opposition’s disarray on fiscal issues throws Eichel a life-line

Contents
.

Figures
.

© Graham Bishop