GERMANY's economic recovery has been rapid according to the latest
Economic Survey of Germany done by the OECD ,which also shows that the country
has an impressive economic track record, but now faces a cyclical return to
slower growth rates . The report has suggested that growth-enhancing structural
reforms should be considered for a stable and balanced growth which will not
only help Germany but also the Euro zone on the whole. The OECD has said that
Germany needs to transform its growth model to thrive as a knowledge-based
economy which requires policy efforts, investment and reforms in education,
skills and innovation and continued leadership in green growth but at the same
time it also needs to work towards less burdensome regulations of services,
increased labour participation of women and older workers and, thus,
strengthening domestic demand .
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