We completed our annual assessment of the German economy. Much-needed fiscal stimulus is expected to support near-term recovery from major external shocks, but reforms to boost labor supply & productivity remain key to addressing long‑term challenges. Read more: https://www.imf.org/en/publications/cr/issues/2026/02/12/germany-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-573858(IMF)