Ifo Economic Forecast
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. Because of the strong links of the German economy to the world economy and in particular to the European economy, a forecast is also made for the European Union and other important countries. A well-founded analysis of the economic situation is the basis of the forecast.
Ifo Economic Forecast 26 June 2013
Jun 26, 2013: After a weak winter the German economy looks set to revive over the course of 2013. These are the indications of the Ifo Business Climate Index, which has stabilised at an above-average level in recent months. As long as no significant escalation of the euro crisis occurs, the outlook for next year is also favourable. Real gross domestic product, at a (2/3 probability) uncertainty interval of 0.0% to 1.2 %, should increase by 0.6 % on annual average in 2013. Growth of 1.9% is expected for 2014. Only moderate improvements, however, are expected in the employment situation. Details
Economic forecasts are estimates of future economic activity in the overall economy, with a focus on the slowing or speeding up as well as the turning points of economic variables in the course of the business cycle. Economic fluctuations are expressed in terms of the development in real quarterly GDP. read on Ifo Policy Issue: Ifo Economic Forecasts