Ifo Economic Forecast: East Germany and Saxony
The monitoring of economic activity has been one of the main tasks of Ifo Dresden since its founding in 1993. In recent years a system for economic forecasting has been developed using data from the Ifo Business Survey in eastern Germany and Saxony.
Twice a year since 2001 Ifo Dresden, in consultation with the business-cycle researchers at the Ifo Institute in Munich, have presented forecasts on the development of the economy and labour market in Saxony and since 2004 for all of eastern Germany. These forecasts are based on Ifo’s summer and winter economic forecasts for all of Germany. The forecasts are presented at a press conference and to the working group Konjunkturbeobachtung Sachsen and published in the journal ifo Dresden berichtet.
Ifo Economic Forecast for Eastern Germany 03.07.2013
Jul 3, 2013: The economic situation in Eastern Germany and Saxony looks set to improve steadily over the next 18 months. The price-adjusted gross domestic product of Eastern Germany (including Berlin) looks set to increase by 0.4% overall in 2013 and by 1.6% in 2014. These are the indications of the Ifo Institute’s most recent economic forecast, which was presented by the deputy executive director of the Institute’s Dresden branch, Prof. Dr. Joachim Ragnitz, on 3 July. “This development will mainly be supported by robust domestic demand”, added Ragnitz. Details