Exports Flashcards
1
Q
govt cuts
A
- 1980s govt cuts to welfare
- 1982- kohl determined to improve economy
- used dependency culture to justify welfare cuts
- reduce retirement to 58 to give boomers jobs
- govt sold of shares in Volkswagen/ Lufthansa airline
2
Q
Privatisation
A
- 1989- lowest unemp
- 1966 - 2.9% growth
- 1975 - 2.7% growth
- 1984 - 2.6% growth
3
Q
Unemployment
A
- Hit 1.7 mil in 1981 the highest since 1950s