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

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 l...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a COVID-19 
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653 |a Infectious & contagious diseases 
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653 |a Labour; income economics 
653 |a Banks and banking 
653 |a Industries: Financial Services 
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653 |a Health Behavior 
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653 |a Illegal Behavior and the Enforcement of Law 
653 |a Loans 
653 |a Criminology 
653 |a Banks and Banking 
653 |a Banks and banking, Cooperative 
653 |a Labor market 
653 |a Banking 
653 |a Corporate crime; white-collar crime 
653 |a Diseases: Contagious 
653 |a Communicable diseases 
653 |a Cooperative banks 
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520 |a 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