Ifo Economic Forecast 26 June 2013
Ifo Economic Forecast 2013/2014: Favourable Perspectives for the German Economy
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.