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Allemagne : un modèle remis en question

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  • Céline Antonin

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Après une croissance du PIB de 0,8 % au premier trimestre, l'économie allemande connaît un fort ralentissement depuis le deuxième trimestre 2022. Le ralentissement conjoncturel est surtout lié à une contribution négative du commerce extérieur due à des pertes de parts de marché (-0,6 point au deuxième trimestre 2022) ainsi qu'à la baisse de l'investissement des entreprises. Au premier semestre, c'est essentiellement la consommation privée qui a soutenu la croissance grâce à la baisse marquée du taux d'épargne ; cela a permis la progression de la valeur ajoutée dans le secteur des services (information et communication, activités financières, services aux entreprises) à l'exception des services aux ménages.

Suggested Citation

  • Céline Antonin, 2022. "Allemagne : un modèle remis en question," SciencePo Working papers Main hal-03881088, HAL.
    • Handle: RePEc:hal:spmain:hal-03881088
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03881088
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