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Forecasts

Twice a year the Ifo Institute publishes the Ifo Economic Forecast on the development of the German and the world economy for the current and the subsequent year. Additionally, the institute participates in the so-called Joint Economic Forecast of leading German economics institutes. The Euro-zone Economic Outlook is a joint initiative of three leading European economic institutes (Ifo Institute in Munich, INSEE in Paris and Istat in Rome) to produce short-term forecasts for GDP, consumption, industrial production and inflation in the euro zone (quarterly). A European economic forecast is presented once a year in the Report on the European Economy by the EEAG (European Economic Advisory Group at CESifo)

Latest releases

  1. Eurozone Economic Outlook July 2014

    The Moderate Recovery Continues

    Jul 4, 2014: The Eurozone growth is expected to recover in Q2 2014 with GDP increasing by +0.3% (after +0.2% in the previous quarter). Growth rates are forecasted to remain at this level in Q3 and Q4. The recovery is expected to be broad based across sectors and countries. Details

  2. Ifo Economic Forecast for Eastern Germany and Saxony 3 July 2014

    Economic Developments Remain Strong - Ifo Economic Forecast for Eastern Germany and Saxony 2014/2015

    Jul 3, 2014: The economy in Eastern Germany (including Berlin) and Saxony picked up significantly at the beginning of the year; and this upswing will gather impetus over the forecasting period. Eastern German GDP is expected to rise sharply hitting 1.8 percent in 2014 and 2.0 percent in 2015. “Investors and producers are slightly more pessimistic due to the geopolitical unrest in Ukraine and Iraq”, commented Robert Lehmann, a researcher at the Dresden branch of the Ifo Institute on 3 July. “All of the data nevertheless point to an upturn in both years,” he added. Details

  3. Ifo Economic Forecast 26 June 2014

    Ifo Economic Forecast 2014/2015: Upturn in German Economy Continues

    Jun 26, 2014: The upturn in the German economy is continuing. Real gross domestic product (GDP) is expected to increase by 2.0% this year and by 2.2% in 2015. As in 2013, the upturn is driven by domestic demand. Growth in equipment investment will accelerate due to high capacity utilisation rates, necessitating investments in replacements and expansion. Construction investment will also continue to rise significantly, driven by a reluctance to invest abroad and low interest rates. Private consumption is expected to increase at a similar pace as real disposable income levels. Export growth will accelerate thanks to an improvement in the world economy. Imports, however, will grow at an even faster rate due to the strong expansion of domestic demand. Details

  4. Joint Economic Forecast Spring 2014

    Upturn in German Economy, but Economic Policy Creates Headwind

    Apr 10, 2014: The German economy is experiencing an upturn in spring 2014. Gross domestic product (GDP) is expected to grow by 1.9 percent this year. The 68 percent projection interval ranges from 1.2 percent to 2.6 percent. Domestic demand is the main driver of growth. Consumer prices will increase by a moderate 1.3 percent in 2014. The number of persons in employment looks set to rise steeply once again in 2014. Economic activity, however, will have to weather an economic policy headwind. The entitlement to a full pension as of 63 years is a step in the wrong direction and the introduction of the minimum wage will curb the rise in employment in 2015. Details

  5. Euro-zone Economic Outlook April 2014

    Eurozone Growth Recovering

    Apr 7, 2014: The Eurozone recovery is expected to pick up in the first quarter of 2014 with a GDP growth rate of +0.4% (after +0.2% and +0.1% respectively in the previous two quarters). Growth is forecasted to decelerate slightly in the following two quarters. Details


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