How Germany is already in a technical recession

Breakfast Business with Joe Lynam

Presented by Newstalk's Business Editor Joe Lynam, this 30-minute programme focuses on the key business stories from home and abroad, market analysis, new business innovations and profile interviews. Listen and subscribe to Breakfast Business with Joe Lynam on Apple Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by and asking: 'Alexa, play Newstalk'

How Germany is already in a technical recession

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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How Germany is already in a technical recession