Germany in recession, what consequences for its neighbours? The informed of the eco of May 27

Emmanuel Cugny and Lorrain Sénéchal receive Nathalie Chusseau, p professor at the University of Lille, member of the Transition Demography, Economic Transition Chair at the Institut Louis-Bachelier; And Christian Saint Etienne member of the Circle of Economists, professor of industrial economics at the National Conservatory of Arts and Crafts.

Activity in Germany, Europe’s economic engine, fell into recession in the first quarter. A first since the Covid crisis. Penalized by high inflation and the rise in interest rates, German gross domestic product (GDP) fell by 0.3% between January and March over one quarter, after a decline of 0.5% between October and December . The prospect of a recession seemed to be receding, but this optimism gave way to more realism. Berlin speaks of a temporary weakness but this situation goes against the grain of the rest of Europe. For what ? Should we fear contagion to the rest of the euro zone?

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