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Bundesbank Financial Stability Review
Bun­des­bank pub­lish­es 2020 Fi­nan­cial Sta­bil­i­ty Re­view

The global Covid-19 pandemic led to the worst economic downturn in Germany in decades during the first half of 2020.

Governments and central banks around the world have taken extensive actions to stabilise the economy, labour markets and financial markets. The German financial system has proved to be stable. To date, it has continued to perform its central functions during the Covid-19 pandemic.