Abstract
Throughout 1994 and 1995 there was growing optimism that the end of the deepest post-war recession in western Germany was well and truly over, and that the east was showing signs of an accelerating and broadening pattern of growth. Still by early 1996 much of the gloom over the fading international competitiveness of western Germany (the Standortfrage) and its ability to absorb the moribund eastern economy without a financial crisis, had not been dispelled. Moreover, the human anxiety and output losses associated with economic collapse of the old command economy upon unification will leave their mark for many years.
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Flockton, C. (1998). The German Economy since 1989/90: Problems and Prospects. In: Larres, K. (eds) Germany since Unification. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26132-1_4
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