Europe's Hidden Growth Engine Isnt Germany Anymore

The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets · May 25, 2026 · 10m · transcript

For years, Germany was the engine of European growth. But in 2026, a quieter shift is underway. While the German economy struggles with energy costs and China exposure, a new group of Eurozone countries is posting faster GDP gains. Lucas and Luna unpack the data: real GDP growth in the Eurozone hit an annualised 2% in early 2026, up from just 0.5% a year earlier. But that headline number masks a dramatic divergence. Countries like Spain, Portugal, and Italy are outperforming Germany for the first time in a decade. They explore why: tourism recovery, EU recovery fund spending, and a shift…