Global Macro Research

Macro Bytes: What's been holding the German economy back?

The Eurozone economy is stagnating and the German economy in particular is facing significant cyclical and structural headwinds. We discuss why.

Authors

Luke Bartholomew

Deputy Chief Economist

Felix Feather

Economist

Part of the series:

Macro Bytes

Duration: 24 mins

Date: 09 Feb 2024

Luke Bartholomew, Senior Economist, talks to Felix Feather, European Economic Analyst, about why the Eurozone economy is stagnating, and how the German economy in particular is facing significant cyclical and structural headwinds.

Our economists discuss the impact of higher energy prices and shifting geopolitics on Germany’s growth model, how fiscal policy is being shaped by new rules and court rulings, and what the European Central Bank needs to see before it is ready to start cutting interest rates.

Transcript

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