Has German Austerity failed?

Well, it turns out the German boom didn’t last long. With its modest stimulus winding down, Germany’s growth slowed sharply late last year, and its economic output still has not recovered to its prerecession peak. Output in the United States — where the stimulus program has been bigger and longer lasting — has recovered. This country would now need to suffer through a double-dip recession for its gross domestic product to be in the same condition as Germany’s.

read more here:

http://www.nytimes.com/2011/02/23/business/economy/23leonhardt.html?hp

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One response to “Has German Austerity failed?

  1. the US hasn’t recovered we have just moved closer to depression

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