The world recession that began in the U.S. is hitting Germany much harder than us, due to a collapse in world trade that has damaged an economy that Germans constantly refer to as “the World Export Champion.” But, Douglas Elliott explains, Germans feel much better about their economic situation than Americans do about ours.
Global Economy & Development
Key themes at the IMF/World Bank Spring Meetings: Dollar dominance
Commentary
Comparing the Recessions in Germany and the United States
August 10, 2009