Worksheet On Flatland

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LAST NAME: Merkozy Matrikelnummer: First Name: Angelus FLATLANDIA Country Factsheet April 2012 Executive Summary: (maximum 125 words) Flatland is a very open economy and characterized by a high share of industrial production in total value added (= basic characteristics). The country has achieved price stability and high growth und thus a substantial rise in living standards in the past decade (= something on long-term development). Flatland has, however, been seriously affected by the financial crises leading to a GDP growth of -8% (= short-run development). Fiscal and monetary policy reacted strongly to allow a speedy recovery. Restructuring of the financial sector is underway in which temporary nationalization of the banking
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