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Professor of Economics, University of Hamburg, former German vice-minister of Finance and chief economist at UNCTAD
A sputtering car goes into reverse: The German recession and its consequences
Heiner Flassbeck & Patrick Kaczmarczyk - 17 September 2019A sputtering car goes into reverse: The German recession and its consequences
Amidst global political and economic fragility, the downturn in the Germany economy adds to the uncertainty in a world that, as Paul Krugman put it, has a “Germany problem”. It raises questions over the future of the largest European economy, and of the Eurozone and Europe as a whole.
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