Cover IMF Staff Country Reports
Germany: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 013
Language:
English
Publication Date:
19 Jan 2021
DOI:
https://doi.org/10.5089/9781513566733.002
ISBN:
9781513566733
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; policy support package; IMF staff calculation; money market rate; EU recovery package; health crisis
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2021: Issue 013