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 and Saxony 3 July 2014
Economic Developments Remain Strong - Ifo Economic Forecast for Eastern Germany and Saxony 2014/2015
Jul 3, 2014: The economy in Eastern Germany (including Berlin) and Saxony picked up significantly at the beginning of the year; and this upswing will gather impetus over the forecasting period. Eastern German GDP is expected to rise sharply hitting 1.8 percent in 2014 and 2.0 percent in 2015. “Investors and producers are slightly more pessimistic due to the geopolitical unrest in Ukraine and Iraq”, commented Robert Lehmann, a researcher at the Dresden branch of the Ifo Institute on 3 July. “All of the data nevertheless point to an upturn in both years,” he added. Details