Germany Unemployment At All-Time Low
Germany continues to strengthen as the most powerful economy in Europe as it avoids a region-wide recession. Its Labor Office reports that the jobless rate fell to 6.7% in Mach. Reuters writes that this is the lowest level since the…
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Reuters writes that this is the lowest level since the reunification of East and West Germany. It may be hard for Germany to continue the trend. It relies heavily on exports for GDP. The economies of many of its neighbors in the EU are nearly in ruin, which is bound to hurt German exports significantly. The Chinese economy has cooled somewhat. US GDP has started to move up again, but it is unclear that the recovery will hold and that import traffic to America can stay high.
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