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

July 15, 2021

Preview Citation

Format: Chicago

Germany: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany, (USA: International Monetary Fund, 2021) accessed November 21, 2024

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.

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

Keywords: Article IV consultation discussion, Commercial banks, Cooperative banks, COVID-19, Europe, Financial asset, Global, Government action, Headline inflation, Income, Investment initiative, Money market rate, Transparency policy

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/153
Stock No:

1DEUEA2021002
ISBN:

9781513594439
ISSN:

1934-7685

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