Assessment and Recommendations
I. Macroeconomic Developments
-Why Did Germany's Economic Growth Slow in the 1990s?
-Recent Economic Developments and Prospects
II. Fiscal Policy
-General Government Finances in 2
-The 2002 Budget
-The 2003 Budget
-Medium-Term Objectives
III. Issues in Public Sector Spending Reform
-Issues in Public Sector Spending Reform
-Federal Fiscal Relations and Main Forces Shaping Public Spending
-Managing Public Sector Spending
-Selected Spending Programmes
-Summary of Recommendations
IV. Implementing Structural Reform: A Review of Progress
-Labour Market Reforms to Tackle High Structural Employment
-Competition Enhances Potential Growth
-Financial Markets
-Sustainable Development in Germany
Annex I. Chronology of Main Economic Events
Annex II. Financial Market Developments in Germany