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
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2
Q

Privatisation

A
  • 1989- lowest unemp
  • 1966 - 2.9% growth
  • 1975 - 2.7% growth
  • 1984 - 2.6% growth
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3
Q

Unemployment

A
  • Hit 1.7 mil in 1981 the highest since 1950s
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