This action caused hyperinflation . Germans saw the value of the Mark plummet as prices skyrocketed. Shoppers literally carried money in wheelbarrows. It was worthless. The GNP is showing a slower than normal rate of increase, an indication of a sluggish economy.
Housing starts are low and unemployment is on the rise.
To make matters worse inflation is quite high. This problem presents a bit of a conundrum for economists. Stagflation is a two headed monster. You have inflation AND a sluggish economy. This is rare but it has happened, as recently as the mid 70's.