in Berlin.
The original assembly of the German
model also dates to a recessionary crisis following hard on the heels of a unifica- I On the rebound 11
GOP per person,% change on previous year
- Germany Britain
- United States - Euro area
4
2
+
2
4
----~----~----~----~- 6 1997 99 2001 03 05 07 09 * 1
Source: IMF estimate !forecast
tion: a 23-year-long slump starting in 1873, two years after Bismarck finally succeeded in pulling Germany together into a single state. This Griindehrise and its prolonged
