According to two respected experts, the energy crisis will have a smaller impact on the economy in eastern Germany than it will on the economy in the west.
Martin Gornig, a sector specialist at the German Institute for Economic Research “DIW,” told the German news agency (dpa) that “unlike what happened during the Corona crisis, the energy-intensive industry will be hit in the first place, which is represented by particularly strong in the West.
According to Gornig, “the east’s economy is more oriented around services, and this will work as a mitigating factor in the crisis.
The economy in the east appears to be considerably more stable, and according to an estimate by the Leibniz Institute for Economic Research in Halle (IWH), production in eastern Germany is predicted to increase by 1.5% this year, slightly higher than the predicted increase rate. generally in German manufacturing.
According to the estimate, eastern Germany’s economy should have a 0.1% decline in performance the following year, which is smaller than the -4% decline predicted for the German economy.
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