ifo Economic Forecast for Eastern Germany and Saxony, Winter 2020: Recovery of the Eastern German Economy Taking Longer than Expected

The ifo Institute expects economic output in Eastern Germany for the current year to slump by minus 4.4 percent. In Saxony, the decline is likely to be even more pronounced at minus 5.0 percent. The fall in gross domestic product will be somewhat less severe than in Germany as a whole (minus 5.1 percent). In the coming year, economic growth in Eastern Germany and Saxony is likely to see a strong recovery, with growth rates of 3.6 percent and 4.1 percent (Germany: plus 4.2 percent).