Since then, policymakers, acting in their own countries and in coordination with others, have enacted financial sector regulatory reforms on a scale and scope not seen since the Great Depression. Designing, implementing, and understanding the consequences of these important reforms are major challenges for policymakers in a post-Global Financial Crisis world.
In addition, the range of German exports contains a large share of capital goods, that is to say goods for which global demand has slumped particularly distinctly on account of the crisis.