The OECD report published on 5 April highlights Germany’s robust recovery and high levels of competitiveness since the global economic crisis. It also points out the wide range of challenges facing the country as it seeks to strengthen productivity, boost well-being in a rapidly ageing society and ensure the integration of newly-arrived migrants. Main findings and key recommendations include 1. integration of refugees and migrants to limit fiscal costs and improve their productivity, 2. strengthening investment and productivity, 3. addressing challenges posed by demographic change.

Without action, public pension and health systems will not be sustainable over the long-term. Our grandchildren would face unsustainable public debt and sharp tax increases that could stifle growth and reduce their economic well-being, IMF Managing Director Christine Lagarde said at the Massachusetts Institute of Technology.