The GuardianThe Guardian

Is Germany’s great economy sinking into ‘slowcession’?

By Joanna Partridge

05 Aug 2023 · 3 min read

informed Summary

  1. Germany's economy, the largest in Europe, is currently in a state of recession, with the year-on-year consumer prices index (CPI) rate forecasted to be 6.2% in July, slightly lower than the 6.4% recorded in June. This is significantly higher than the eurozone's headline level of 5.3% in July.

Engine of the eurozone, industrial powerhouse, export world champion – just some of the ways Germany’s economy has been described over the years.

However, recent figures have indicated that the good times have come to an end, with Europe’s largest economy stuck in recession.

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