Dresden (dpa / sn) - The economy in Saxony is currently on the spot. As reported by the Munich Ifo Institute, there was no economic growth in Bavaria in the third quarter. Accordingly, the bandwidth of the individual federal states was between 2.4 percent growth in Schleswig-Holstein and a shrinkage of 2.8 percent in North Rhine-Westphalia, as the institute announced on Wednesday. The basis is a new estimation method developed by economic researchers. The German average value already reported by the Federal Statistical Office was 0.3 percent
According to the Ifo Institute, Saxony is in the middle of the federal states alongside Baden-Württemberg with 0.6 percent growth, Lower Saxony with 0.3 percent, Brandenburg with 0.2 percent, Thuringia with 0.1 percent and Saarland with a minus of 0.4 percent.
In addition to Schleswig-Holstein, Rhineland-Palatinate with 1.8 percent, Hamburg with 1.6 percent, Bremen with 1.3 percent, Berlin with 1.2 percent and Hesse with 1.1 percent also recorded clearly above-average growth in the third quarter.
In contrast, the economy developed well below average - in addition to NRW - in Mecklenburg-Western Pomerania with minus 1.4 percent as well as Saxony-Anhalt (-0.9 percent) and Bavaria (-0.8 percent).
According to Ifo, structural features are decisive for the differences. "In the case of Schleswig-Holstein, it shows that countries with higher excess savings in the Corona years now have greater consumption opportunities," said Ifo researcher Robert Lehmann. "Even federal states with a strong car industry (Bremen) or with a high proportion of services (Berlin) are doing quite well." In contrast, countries with lower growth have a higher share of energy-intensive production - such as North Rhine-Westphalia with the metal industry - or a higher inflation rate - such as Saxony-Anhalt.
