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Line 506: − − === Crisis of 2008 === − − The worldwide [[Financial Crisis of 2008]] hit Germany in the summer, revealing high risk policies pursued by numerous large banks looking for high rates of return outside Germany. In September the government unveiled a $635-billion bailout package for its floundering banks. Economic growth for 2009 is forecast to be an anemic 0.2%. − − Automobile manufacturing is a major sector, but the financial crisis caused credit to be harder to obtain; many families postponed purchases. Auto exports fell 10% in October 2008 from October 2007; domestic sales dropped 8%. In contrast 2007 was a record year with production of 12.1 million vehicles and employment of 756,000 workers; an eighth of those jobs were created in the last five years alone.
→Crisis of 2008
===Economic history===
===Economic history===
{{See also|Economic history of post-World War II Germany}}
{{See also|Economic history of post-World War II Germany}}
==Coronavirus response==
==Coronavirus response==