Economic Impact of COVID-19 on Germany and its Policy Response
Table of Contents
- 1. Impact of COVID-19 on Germany Economy in 2020
- 2. Coronavirus (COVID-19) Containment Measures of Germany
- 3. Coronavirus (COVID-19) Related Fiscal Policy Measures by Germany
- 4. Coronavirus (COVID-19) Related Monetary Policy Measures by Germany
- 5. Coronavirus (COVID-19) Related Employment Policy Measures by Germany
- 6. Coronavirus (COVID-19) Related Social Policy Measures by Germany
Germany’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The growth of real gross domestic product (GDP) of Germany is expected to shrink, unemployment level to increase and current account balance to decline due to COVID-19 this year. As of 11th Aug 2020, Germany had 2,18,500 confirmed COVID-19 cases out of which 1,98,900 people have recovered from the disease while 9,265 have lost their lives.
This blog post covers economic impact of COVID-19 pandemic along with fiscal, monetary, employment and social policy measures taken by Germany government under following sections –
Impact of COVID-19 on Germany Economy in 2020
COVID-19 Containment Measures of Germany
COVID-19 Related Fiscal Policy Measures by Germany
COVID-19 Related Monetary Policy Measures by Germany
COVID-19 Related Employment Policy Measures by Germany
COVID-19 Related Social Policy Measures by Germany