Germany: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

January 19, 2021

Preview Citation

Format: Chicago

Germany: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany, (USA: International Monetary Fund, 2021) accessed September 19, 2024

Summary

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep recession in the first half of 2020. The gradual easing of containment measures since late-April has led to a partial revival of growth, but in late-October a “lockdown light” was announced to counter a new wave of infections, and restrictions were further tightened in mid-December. Significant risks remain about the pace and extent of the recovery as the uncertain course of the epidemic continues to impact economic activity.

Subject: Commercial banks, Cooperative banks, COVID-19, Labor markets, Loans

Keywords: CR, EU recovery package, Health crisis, IMF staff calculation, ISCR, Money market rate, Policy support package

Publication Details

Pages:

80
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2021/013
Stock No:

1DEUEA2021001
ISBN:

9781513566733
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports