Monday, November 08, 2010

HOW DID GERMANY DEAL WITH THE RECESSION?

The German government spent its money early, unlike the U.S.
How did government purchases develop in the two countries between Q1 2008 and Q1 2010 then? It rose by 2.8% in the U.S. and by 6.6% in Germany. Thus it is true that during the period when growth was weaker in Germany, German government spending rose more.

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