Marketplace Logo Donate

Daily business news and economic stories from Marketplace

German economy begins to feel recession pressure

Subscribe to our Newsletters

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.

What's Next

Latest Episodes From Our Shows

Listen
Jul 1, 2022
20:04
Listen
Jul 1, 2022
27:05
Listen
Jul 1, 2022
1:50
Listen
Jul 1, 2022
7:20
Listen
Jul 1, 2022
8:00
Listen
Jun 30, 2022
31:02
Listen
Jun 28, 2022
26:17
Exit mobile version