The world-wide economic recession, which began as a result of the second explosive rise in oil prices in the spring of 1980, lasted throughout the whole of last year. Unemployment in industrialised countries has shot up at an alarming pace, whereas only limited progress was registered in the...

The Federal Republic of Germany is presently experiencing the deepest and longest recession in its history. The situation is characterised by high and rising unemployment figures, slowing growth, a steep increase in the number of bankruptcies in the business sector as well as by a rapidly rising...