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

International Monetary Fund

No 2021/153, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: money market rate; financial asset; investment initiative; government action; article IV consultation discussion; transparency policy; headline inflation; COVID-19; Income; Commercial banks; Cooperative banks; Global; Europe (search for similar items in EconPapers)
Pages: 78
Date: 2021-07-15
New Economics Papers: this item is included in nep-isf and nep-mac
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