--- title: "Meaning & Key Takeaway of: There is a broad consensus, not only in…" description: "\"There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Ger..." image: "https://sms4smile.com/quotes/i/f52/joseph-stiglitz-1351_economic_there-is-a-broad-consensus-not-only-in-t_2107376.jpg" --- # There is a broad consensus, not only in the United States… ![“There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/f52/joseph-stiglitz-1351_economic_there-is-a-broad-consensus-not-only-in-t_2107376.jpg) [Download](https://sms4smile.com/quotes/i/f52/joseph-stiglitz-1351_economic_there-is-a-broad-consensus-not-only-in-t_2107376.jpg) [Open image](https://sms4smile.com/quotes/i/f52/joseph-stiglitz-1351_economic_there-is-a-broad-consensus-not-only-in-t_2107376.jpg) > “There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Governments should boost spending during recessions, but Germany’s approach differs. **In simple terms:** Stimulate economies in downturns; Germany is an outlier. Key Takeaway Consider fiscal stimulus in recessions. Themes economics policy recession stimulus Germany Mood analytical concerned Type policy economic When to use this quote - National budgeting - business planning - investment decisions - public debate Key Concepts Keynesian economics fiscal policy monetary policy Questions to Reflect On - How should policymakers balance stimulus with debt? - What lessons can other nations learn from Germany? A Different Perspective Germany’s low‑debt strategy may limit stimulus effectiveness. ★ ★ ★ ★ ★ No ratings yet [Downturn](https://sms4smile.com/quotes/about/downturn/) [Downturn Need](https://sms4smile.com/quotes/about/downturn-need-4238480/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic downturn](https://sms4smile.com/quotes/about/economic-downturn/) [Germany](https://sms4smile.com/quotes/about/germany/) [Germany Exception](https://sms4smile.com/quotes/about/germany-exception-4238482/) [Need](https://sms4smile.com/quotes/about/need/) [Only](https://sms4smile.com/quotes/about/only/) [Stimulate Germany](https://sms4smile.com/quotes/about/stimulate-germany-4238481/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more…](https://sms4smile.com/quotes/jonathan-sacks/a-perfect-storm-is-in-the-making-financial-uncertainty-economic/) [Jonathan Sacks](https://sms4smile.com/quotes/author/jonathan-sacks/) > [Gambling is a catalyst for economic downturn](https://sms4smile.com/quotes/john-warren-kindt/gambling-is-a-catalyst-for-economic-downturn/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [If I could say something about Capricornia, and it came out in your previous report, there is no doubt that the end of the…](https://sms4smile.com/quotes/george-brandis/if-i-could-say-something-about-capricornia-and-it-came-out-in-your/) [George Brandis](https://sms4smile.com/quotes/author/george-brandis/) > [In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. 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