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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)

Next Internet Publication Date of the Joint Economic Forecast: 9 October 2014 11:00 AM CEST

The Joint Economic Forecast Autumn 2014 will be presented at 11 a.m. CEST on 9 October 2014 at a federal press conference and will be available online at this time. read on Next Internet Publication Date of the Joint Economic Forecast: 9 October 2014 11:00 AM CEST

Latest releases

  1. Joint Economic Forecast Autumn 2014

    German Economy Stagnating – Now is the Time To Strengthen Growth

    Oct 9, 2014: The German economy has cooled down. Gross domestic product (GDP) is expected to grow by 1.3 percent. The 68 percent projection interval ranges from 1.1 percent to 1.5 percent. The weakened world economy and subdued investment activity are acting as the main checks on economic development. Production will expand by 1.2 percent in the year ahead. However, the fact that 2015 will have more working days also has a role to play; and the expansion rate is only expected to be 1.0 percent after adjustments for calendar effects. In this environment the focus of economic policy should now be on strengthening growth and creating favourable investment conditions. A certain scope exists for using proactive fiscal policy to achieve this goal. Details

  2. Eurozone Economic Outlook October 2014

    Growth Prospects Remain Subdued

    Oct 6, 2014: In Q3 2014, economic activity is expected to increase again, but only moderately, as geopolitical concerns are still strong and seem to affect investors’ confidence. GDP is projected to increase by 0.2% in the third and fourth quarter, and expand by 0.3% in Q1 2015. Details

  3. 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

  4. 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

  5. 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


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