We’re trying to raise $200,000 by tomorrow! Help us reach our goal.
German economy begins to feel recession pressure
Share Now on:
A raft of economic data released this morning confirms what many economists have long suspected: Europe has officially slipped back into recession. Economic output from the Eurozone countries shrunk for two straight quarters. The region’s previous recession hit just three years ago, in 2009.
Though the news was expected, the geographic extent of the economic slowdown is surprising. The data show growth in Germany — widely considered to have a relatively healthy economy — has slowed as well.
“It will be really interesting to see if this new economic uncertainty will change the policy-tune in Berlin and get Angela Merkel to reconsider harsh austerity measures,” says Adolpho Laurenti, deputy chief economist at Mesirow Financial.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.