How Germany is already in a technical recession

An episode of the Breakfast Business with Joe Lynam podcast, hosted by Newstalk, titled "How Germany is already in a technical recession" was published on August 15, 2023 and runs 7 minutes.

August 15, 2023 ·7m · Breakfast Business with Joe Lynam

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Episode Description

Germany used to be known as the engine of Europe. One which often dragged other smaller economies upwards. But the engine is in need of service these days. The economy is set to shrink this year and is already in a technical recession. Much of that lies in the mounting costs for 1 million Ukrainian refugees as well as the weakness of one of its export markets in Asia notably China. But some of the reasons are deeper and structural because Ireland exports €24 billion to Germany, it matters to us. With more on this, Joe was joined by Derek Scally the Germany Correspondent for the Irish Times.

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