Fujita, Shigeru; Gartner, Hermann - In: Business Review (2014) Q4, pp. 16-24
its labor market response to the Great Recession even more surprising. No wonder it is sometimes referred to as the …Compared with the steep, persistent increase in unemployment that the Great Recession triggered in the United States … recession itself was smaller in Germany. Actually, the severity of the recession as measured by the drop in output was greater …