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Germany
GDP -2.5%
Inflation 1%
Unemployment 7.9%
Markets -11.9%
Gallon of gas $5.97
Interest Rates 1.5%
Challenges The German economy, which is Europe's biggest, slid into its deepest recession since World War II in the third quarter of 2008I. Officials say they don't expect to see any economic growth in 2009. The world's largest exporter has seen a rapid decline in industrial production as global demand for goods has fallen sharply.
Solutions The government launched a $642 billion financial sector bailout in October in an attempt to prop up the nation's banking system. Chancellor Angela Merkel's government launched a $25 billion stimulus initiative in November, followed by another $66 billion plan in January, both of which include tax relief and infrastructure investments.
See stats for all 10 countries
NEXT: China
Inflation 1%
Unemployment 7.9%
Markets -11.9%
Gallon of gas $5.97
Interest Rates 1.5%
Challenges The German economy, which is Europe's biggest, slid into its deepest recession since World War II in the third quarter of 2008I. Officials say they don't expect to see any economic growth in 2009. The world's largest exporter has seen a rapid decline in industrial production as global demand for goods has fallen sharply.
Solutions The government launched a $642 billion financial sector bailout in October in an attempt to prop up the nation's banking system. Chancellor Angela Merkel's government launched a $25 billion stimulus initiative in November, followed by another $66 billion plan in January, both of which include tax relief and infrastructure investments.
See stats for all 10 countries
NEXT: China
Last updated March 30 2009: 8:02 AM ET
RSSSources: IMF, national statistics offices, central banks, DAX, AIRINC
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