Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW
European Debt Crisis

German economy begins to feel recession pressure

Jeff Horwich Nov 15, 2012
HTML EMBED:
COPY
European Debt Crisis

German economy begins to feel recession pressure

Jeff Horwich Nov 15, 2012
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.