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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. Ifo Economic Forecast for Eastern Germany and Saxony 2014/2015 (17 December 2014)

    Eastern German Economy Regains Footing

    Dec 17, 2014: Real gross domestic product in Eastern Germany (including Berlin) will grow by 1.3 percent in 2014 and 2015 respectively. Economic growth in the Free State of Saxony is even expected to be slightly higher in both years at 1.8 percent. This is due to an upturn in investment demand on the part of companies, robust developments in consumption and the continued revival of the world economy. The positive trend in the labour market has also clearly lost impetus. An additional headwind over the forecasting period will come from economic policy. In addition to demographic factors, the nationwide minimum wage and the government’s policy of retirement at 63 are expected to constrain growth in employment in the Eastern German Länder. Details

  2. Ifo Economic Forecast 11 December 2014

    Ifo Economic Forecast 2014/2015: German Economy Gradually Regains Impetus

    Dec 11, 2014: After stagnating during the summer period, the German economy is gradually regaining impetus. Real gross domestic product (GDP) is expected to rise by 1.5% in 2014 and 2015 respectively. Details

  3. 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

  4. 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

  5. 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


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