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IMF urges Germany to invest in infrastructure, raise wages

Reuters  |  BERLIN 

BERLIN (Reuters) - Germany should use its rising tax revenues to invest in infrastructure projects that will enhance its growth potential, and encourage employers to raise wages to help lift euro zone inflation, the International Monetary Fund said on Monday.The IMF recommendations run counter to the thinking of Finance Minister Wolfgang Schaeuble, who last Thursday announced higher tax revenue estimates for this year and rejected criticism that Germany was not investing enough.In a report following its annual 'Article IV' meetings with the German authorities, the IMF said Germany's large and ...

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First Published: Mon, May 15 2017. 17:51 IST