While most of the industrialized world still struggles to keep from teetering off the recession cliff into depression gulch, Germany is actually seeing economic growth. Believe it or not, the German unemployment rate has actually gone down in the last five years, a trend that they maintain now, even after spiking up slighting at the beginning of this year.
As this graph attests to, in spite of US and European Union trends, Germany has managed to slash unemployment while their allies have seen their own rates explode. Clearly the Germans are doing something right. Hopefully they can drag the rest of us out of the hole with them, or at least the EU; as the NYT notes, higher employment in Deutschland means more German tourists vacationing and spending euros in places like Spain and Greece, the later of which saw their economy shrink by 1.5% this year, as compared to Germany's growth by 2.2%. Being an unemployed American, and looking at the gulf between US and German unemployment rates in the above graph, I have a strong urge to dust off my German dictionary from high school and become fluent enough to work in a land that has more promising job opportunities than here.
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