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

International Monetary Fund

No 2021/013, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; policy support package; IMF staff calculation; money market rate; EU recovery package; health crisis (search for similar items in EconPapers)
Pages: 80
Date: 2021-01-19
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