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The Impact of the Corona Pandemic on Economic Sectors in 2020 in Eastern Germany and Germany as a whole

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  • Niels Gillmann
  • Alexander Hilgenberg

Abstract

All economic activities in 2020 were strongly influenced by the course of the Corona pandemic. Using the ifo Institute's monthly business surveys, we look at how companies in different sectors of the economy were affected in all of and eastern Germany between April and November 2020. Our results show that the first wave of the pandemic affected companies the most in 2020. However, eastern German firms were only affected by Corona to a below-average extent in the spring. In the summer, companies in eastern and overall Germany assessed their situation as significantly better. From October onwards, we note an above-average burden of Corona on eastern German companies. In Germany as a whole, by contrast, the recovery trend continued at the start of the second wave.

Suggested Citation

  • Niels Gillmann & Alexander Hilgenberg, 2021. "The Impact of the Corona Pandemic on Economic Sectors in 2020 in Eastern Germany and Germany as a whole," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 28(01), pages 33-35, February.
    • Handle: RePEc:ces:ifodre:v:28:y:2021:i:01:p:33-35
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    1. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    2. Niels Gillmann & Valentin Hassler, 2020. "Who's gonna go first? - Forms of government and the reactions to Covid-19," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 27(04), pages 03-05, August.
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