ustralia Group, BIS, BSEC (observer), CBSS, CDB, CE,
CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G- 5, G- 7, G- 8, G-10,
IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC,
IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, MIGA, NAM
(guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Paris
Club, PCA, UN, UNAMSIL, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIK,
UNMOVIC, UNOMIG, UPU, WADB (nonregional), WCO, WEU, WHO, WIPO, WMO,
WToO, WTO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador Wolfgang Friedrich ISCHINGER
consulate(s) general: Atlanta, Boston, Chicago, Detroit, Houston,
Los Angeles, Miami, New York, San Francisco
FAX: [1] (202) 298-4249
telephone: [1] (202) 298-8140
chancery: 4645 Reservoir Road NW, Washington, DC 20007

Diplomatic representation from the US:
chief of mission: Ambassador Daniel R. COATS
embassy: Neustaedtische Kirchstrasse 4-5, 10117 Berlin; note - a new
embassy will be built near the Brandenburg Gate in Berlin; ground
was broken in October 2004 and completion is scheduled for 2008
mailing address: PSC 120, Box 1000, APO AE 09265
telephone: [49] (030) 8305-0
FAX: [49] (030) 8305-1215
consulate(s) general: Duesseldorf, Frankfurt am Main, Hamburg,
Leipzig, Munich

Flag description:
three equal horizontal bands of black (top), red, and gold

Economy Germany

Economy - overview:
Germany's affluent and technologically powerful economy- the fifth
largest national economy in the world - has become one of the
slowest growing economies in the entire euro zone, and a quick
turnaround is not in the offing in the foreseeable future. Growth in
2001-03 fell short of 1%. The modernization and integration of the
eastern German economy continues to be a costly long-term process,
with annual transfers from west to east amounting to roughly $70
billion. Germany's ageing population, combined with high
unemployment, has pushed social security outlays to a level
exceeding contributions from workers. Structural rigidities in the
labor market - including strict regulations on laying off workers
and the setting of wages on a national basis - have made
unemployment a chronic problem. Corporate restructuring and growing
capital markets are setting the foundations that could allow Germany
to meet the long-term challenges of European economic integration
and globalization, particularly i