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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. Joint Economic Forecast Spring 2016

    Upturn Remains Moderate – Economic Policy Lacks Growth Orientation

    Apr 14, 2016: The German economy is experiencing a moderate upturn. Gross domestic product is expected to increase by 1.6 percent this year and by 1.5 percent in 2017. The upturn will be driven by private consumption, which will benefit from continued employment growth, sizeable increases in wage and transfer income and purchasing power gains thanks to lower energy prices. Fiscal policy will also be expansively oriented, partly due to rising costs related to refugee immigration. While investment in construction is also expected to expand markedly, corporate investment activity will remain subdued. Against a background of only gradual world economic recovery and strong domestic demand, no positive economic stimulus is expected from foreign trade. Public budgets will post significant surpluses in the forecasting period. Failing to use this room for manoeuvre to promote growth, as seen in recent years, is not a sustainable path. Details


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