Is Germany Turning Japanese?
Comparing the Current Economic Climate in Germany to Japan's "Great Recession"
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Global Middle Class Initiative
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Global Middle Class Initiative
Germany, the world's third largest national economy, has lagged the other eurozone economies in economic performance since the end of its reunification boom. That growth and employment gap has widened significantly during the current cyclical downturn. Germany's stock markets have suffered the largest losses of those in any major economy from the bursting of the IT/Telecom bubble. Germany flirted with deflation in consumer prices in the last six months of 2002.
03/20/2003 - 12:03pm
The New America Foundation
1630 Connecticut Ave., NW 7th Floor
Washington, 20009United States
Participants
- Adam Posen
Senior Fellow, Institute for International Economics
