Unemployment/Economy in Germany

http://www.businessweek.com/globalbiz/content/mar2007/gb20070313_172340.htm?chan=globalbiz_europe_economics+%2B+policy

This article explains Germany's economic situation, in which in 2007 the German economy is set to grow at the fastest pace in almost a decade. After numerous years of high unemployment, the unemployment is predicted to drop to about 8.8% this year or below 3.75 million people of the population. The high amount of unemployment before which ranged up to near the 13.6%(2003) and 10.8%(2006), was caused by the high amounts of tax given to citizens which is currently at 19% of the person's salary and the problems the country had to provide jobs for every person. However, because Germany is prospering from their exports, they have been able to turn the situation around, by decreasing unemployment by about 2% in one year. Also by changing their gloomy situation around, Germany has been able to increase the growth of their economy by a predicted 2.8% this year, due to the exports that Germany continues to make, which are predicted to increase by 11%. This article therefore describes Germany's turn around, in which unemployment used to be high, taxes high, but now has decreased their unemployment, increased exports and increased economic growth, causing them to still have the third largest economy in the world.