The IMF commends Germany excellent response to the crisis

The International Monetary Fund said, “The exceptional support measures in Germany represent an excellent use of the fiscal space accumulated in Germany.” The International Monetary Fund also added that while German banks have so far survived the coronavirus crisis relatively well they should accelerate their plans to boost profitability.

On the other hand, the International Monetary Fund added, "On the other hand, domestic demand can recover more quickly due to pent-up savings, and exports may grow more strongly than was envisioned driven by a more severe economic recovery and more policy support in major trading partners."

The International Monetary Fund welcomed Chancellor Angela Merkel and Finance Minister Olaf Schulz's decision to suspend debt again this year to extend support measures such as corporate grants and job protection schemes, and the government also announced new measures such as increasing the loss of bounced corporate tax and another round of child benefits one-time and extending the sales tax cut. For restaurants and more professional training support.