German chancellor Helmut Schmidt During his election campaign in 1972, the German chancellor Helmut Schmidt said he would prefer 5% inflation to 5% unemployment. However, the situation in Germany has shown that price stability and low rates of unemployment can be compatible, despite what the Phillips curve might otherwise suggest.Read More →
Ruled by only eight chancellors For example, since 1949 early elections have been called just three times in Germany. The country has been ruled by only eight chancellors who have served for an average of more than eight years. There has been neither turmoil due to property bubbles nor privateRead More →
Weathered the rise of the EM In addition, German industry has long been a global leader in many disciplines. Over the past 25 years, it has also weathered the rise of the emerging economies and largely retained its share of global trade – something other developed countries have not managedRead More →
Germany has maintained a leading position Since becoming an industrialised nation 150 years ago, Germany has maintained a leading position among developed countries, despite suffering numerous massive setbacks (world wars, currency reforms) and challenges (reunification, migration). For more than half a century, output growth rates in Germany have been amongRead More →
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