Back to Growth: Germany’s Third Support Programme for the Economy
Back to Growth: Germany’s Third Support Programme for the Economy
Author(s): Sebastian Płóciennik
Subject(s): Politics, National Economy, Economic policy, Economic development
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Germany; economy; economic policy; third support programme;
Summary/Abstract: In the next phase to counter the effects of the COVID-19 pandemic, Germany focuses on a quick recovery of demand. This is to be achieved, among others, by the reduction of VAT, support for families with children, and incentives for companies to invest. Given the size and connections of the German economy, the programme may ease the way out of the crisis for the entire European Union. However, it may increase the asymmetries, too: few countries can afford the same level of support for their own economies.
Series: PISM Bulletin
- Page Count: 2
- Publication Year: 2020
- Language: English
- Content File-PDF