❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now
Marketplace Off Air

German prudence great for rainy days

Melissa Kaplan Nov 14, 2008

We’ve been covering Germany quite a bit this week, as the country has officially gone into recession. But according to U.K.’s Telegraph, it may be in a better position than other countries to battle a downturn.

A large trade surplus is partially to blame here, and the cautious nature of Germans is another. But even when their situation appears rosier than others’, they’re still reserved about the future. Better safe than sorry, especially right now.

For a more dynamic view of German fiscal policy, check out an in-depth analysis in this week’s Economist.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.