IMF Staff Country Reports

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

Publication Date:

January 19, 2021

Electronic Access:

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

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.

Series:

Country Report No. 2021/013

Subject:

Commercial banks Cooperative banks COVID-19 Labor markets Loans

Frequency:

regular