Ifo World Economic Survey
Since 1981 the Ifo Institute has conducted a quarterly survey in numerous countries on business cycle developments and other economic factors in the experts' home countries.
Results of the Ifo World Economic Survey (WES) of 2nd quarter 2014 (14 May 2014)
May 14, 2014: The Ifo Index for the world economy fell from 103.2 to 102.3 points. Assessments of the current economic situation remain satisfactory. The six-month economic outlook clouded over slightly, but remains friendly overall. WES experts expect world economic growth of 2.5 percent this year. They forecast growth rates of 1.6 percent for Europe and 2.5 percent for North America. In Latin America and Asia, by contrast, respective growth rates of 2.3 percent and 3.7 percent will be lower than the high figures seen in the recent past. The world economy continues to follow an upward trend, but is showing little momentum. Details
Advance results of the Ifo World Economic Survey (WES) of 2nd quarter 2014 (07 May 2014)
May 7, 2014: The Ifo Index for the economic climate in the euro area rose from 119.9 points to 123.0 points in the second quarter, reaching its highest level since the end of 2007. The economic recovery is expected to take shape more clearly in the months ahead. According to the experts surveyed, economic growth will total 1.3 percent this year. Estimates range from -4.9 percent for Cyprus to 2.8 percent for Latvia. The rise in the Ifo indicator is due to less unfavourable assessments of the current economic situation. The economic outlook for the next six months remains good. Details
The Ifo World Economic Survey (WES) is designed to give an accurate picture of the economic situation and forecasts for important industrial, emerging and developing economies on a quarterly basis. Unlike the official statistics, which are primarily constructed around quantitative information, WES consists of qualitative information: appraisals and expectations of economic experts. Whereas the official statistics on the international level often appear after considerable delays, the WES results are timely and internationally comparable. Especially in countries where the data base of the official statistics is insecure, the appraisals and expectations expressed by on-site economic experts in the WES survey are of particular importance.
The survey relies on the participation of economic experts of multinational firms and institutions. Participants receive an exclusive, comprehensive report of the results. If you are interested in participating in the business surveys of the Ifo Institute, please contact Ms. Johanna Plenk. For further information, contact Dr. Gernot Nerb.