IMF Staff Country Reports

Germany: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Publication Date:

July 15, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Germany’s economy contracted by just under 5 percent in 2020, outperforming most European peers. But renewed waves of infections and associated lockdowns caused economic activity to plunge again in the first quarter of this year. While the pace of mass vaccination has picked up and the economy has started to reopen, the recovery path is beset with risks, particularly with respect to the progress of the pandemic and supply shortages in major industries. The authorities have maintained appropriately accommodative fiscal and financial policies, and most measures supporting households and firms have been extended through 2021.

Series:

Country Report No. 2021/153

Subject:

Commercial banks Cooperative banks COVID-19 Financial institutions Health Income International organization Monetary policy National accounts

Frequency:

regular