At the beginning of the Corona crisis, it was repeatedly predicted that Hessen would suffer above average: In fact, however, the gross domestic product in the first half of the year shrank less than feared compared to the federal government.
Dhe economy is suffering severely from the corona pandemic, but its performance in the first half of the year did not fall as sharply as that in Germany as a whole. According to the figures published by the State Statistical Office on Thursday, the gross domestic product in Hesse was 6.1 percent lower in the first half of the year than in the first six months of last year. In Germany as a whole, this value fell by 6.6 percent. The data is adjusted, which means that the consequences of price increases have been eliminated.
At the beginning of the crisis it was heard again and again that Hesse was likely to suffer above average because the traffic at Frankfurt Airport and the business around the trade fair in the Main metropolis had collapsed. Apparently, however, Hessen has benefited from the fact that it is less dependent on the automotive market than the more southern federal states. Bavaria had to accept a minus of 7.0 percent for the first half of the year, and Baden-Württemberg even 7.7 percent. The economy of Rhineland-Palatinate held up even better than Hesse, shrinking by just 5.7 percent.
With the decline of 6.1 percent, a long upswing phase that lasted since 2010 with a short interruption ends in Hesse. However, the growth rates had recently fallen continuously, from 2.6 percent in 2016 to 1.1 percent last year.