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 December 21, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2021/013
Stock No:

1DEUEA2021001
ISBN:

9781513566733
ISSN:

1934-7685

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