Germany: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany
February 12, 2026
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The German economy has been hit with large shocks in recent years, including
an energy-price shock following Russia’s invasion of Ukraine, rapid monetary tightening
required to contain subsequent inflation, and heightened trade-related headwinds.
These external shocks, together with weak underlying productivity growth, in part due to
stalled structural reforms at both the EU and German level, have contributed to three
years of negative or very low growth.
an energy-price shock following Russia’s invasion of Ukraine, rapid monetary tightening
required to contain subsequent inflation, and heightened trade-related headwinds.
These external shocks, together with weak underlying productivity growth, in part due to
stalled structural reforms at both the EU and German level, have contributed to three
years of negative or very low growth.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Credit, Crime, Expenditure, Money, Public debt, Public investment spending
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), arrangement of the euro area, article IV consultation discussion, Credit, currency of Germany, Europe, exchange rate arrangement, Global, Public investment spending, staff report
Pages:
93
Volume:
2026
DOI:
Issue:
036
Series:
Country Report No. 2026/036
Stock No:
1DEUEA2026001
ISBN:
9798229038546
ISSN:
1934-7685
