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 17 December 2013
Dec 17, 2013: Aggregate economic production in Germany looks set to accelerate in the quarters ahead, according to the Ifo Business Climate Index. The latter has followed a clearly upwards tendency in recent months. The world economic environment has also improved and domestic economic conditions are favourable. Uncertainty on the part of companies has diminished, but remains sufficiently high on the part of investors contemplating investing abroad to keep them interested in making a relatively secure investment in Germany. The outlook for private households’ income is favourable. Against this background, economic expansion is expected to be driven by the domestic economy. Real gross domestic product for 2014 should increase on annual average by 1.9% with a (2/3 probability) uncertainty interval of 0.8% to 3.0%. 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