Germany's Slumping Economy Drags Down European Growth Amid Recession Fears

Germany has the most distressed economy in Europe currently, with minimal growth forecasts and recession risks for 2024. Key issues are reliance on exports, labor shortages, and industrial regulations.

The real estate sector across Europe is facing the highest distress levels due to falling property values and debt-laden firms struggling to service debts.

Industrial sectors across Europe are distressed due to supply chain disruptions, impacting production. Germany's industrial sector is especially struggling.

Retail/consumer sectors are strained as households tighten spending amid cost of living crisis, rising debt, and less disposable income.

Spain and Italy show falling distress levels and better growth prospects compared to other European markets.