Marketplace®

Daily business news and economic stories

German economy begins to feel recession pressure

Europe has officially slipped back into recession. Growth in Germany — widely considered to have a relatively healthy economy — has slowed as well.

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    5 hours ago
    25:19
  • Make Me Smart
    11 hours ago
    19:00
  • Marketplace Morning Report
    13 hours ago
    6:55
  • Marketplace Tech
    18 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45