Financial TimesFinancial Times

From Europe’s powerhouse to its weak link: Germany’s economy stutters

By Guy Chazan

11 Aug 2022 · 4 min read

Editor's Note

You should read this story to know why the export-heavy German economic model may be in danger for the forseeable future and what's being done to contain the damage.

Christian Lindner, Germany’s finance minister, didn’t pull his punches in describing the grim new reality facing Europe’s largest economy.

The country’s prospects had become “fragile”, he said on Wednesday. Growth forecasts were being downgraded. Life had become “much more expensive for lots of people”, with rising prices for gas, energy and food.

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