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  1. Eurozone Economic Outlook: Recovery Spreading

    teaserImage In Q1 2015, economic activity in the Eurozone sustained its growth momentum (+0.4%). Real domestic product is set to grow at a similar pace in Q2 (+0.4%) and accelerate slightly through the end of 2015 (+0.5% in Q3 and Q4), mainly driven by domestic demand. Growth is expected to average +1.4% in 2015, after +0.9 % in 2014. Details

  2. Euro Crisis: Topical Comments of Ifo President Hans-Werner Sinn

    teaserImage In Sinn’s Corner, the Ifo President’s articles and comments on current political topics are grouped together under various topics. Read more on the euro crisis. Details

  3. Ifo President Advises Greece to Reinstate the Drachma

    teaserImage It is time for Greece to make a daring leap and adopt its own currency, says Ifo President Hans-Werner Sinn and adds: “The drachma should be introduced immediately as a virtual currency. All of the country’s contracts, including its debt contracts with foreigners, should be converted into drachma. This would make the Greek government and the Greek banks solvent once again.“ At the same time, the Community of States should also refrain from trying to collect up all of those euro banknotes currently in the hands of Greek citizens, but should allow them to be used for cash transactions instead, although prices would be stated in drachma. Details

  4. Conference on the Role of Sovereign Debt in the 21st Century

    teaserImage Leading economists and decision-makers will meet on 8 and 9 July 2015 at the Ifo Institute to discuss new ways of dealing with sovereign debt and government finances. The opening speech on the situation in Greece will be given by Ifo President Hans-Werner Sinn. Florian Buck and Christoph Trebesch, both from the University of Munich, will be responsible for the academic organization of the event. Details

  5. ifo Konjunkturperspektiven June 2015 Published

    teaserImage The business climate indicator rose in construction and in the service sector in June, while it fell in manufacturing, wholesaling and retailing. Details

  6. Eastern German Economy Enjoys Sustained Growth

    teaserImage Real gross domestic product in eastern Germany (including Berlin) is expected to rise sharply by 1.8 percent this year and by 1.6 percent in 2016. In Saxony economic growth looks set to be slightly higher at 2.0 percent this year and 1.8 percent in 2016. Private consumption will remain the main economic driver in both years. Positive impulses, however, will also come from a continued upturn in demand for capital goods. Eastern German and Saxon labour demand stands to benefit from the sustained economic expansion, although growth dynamics look set to weaken. The minimum legal wage and precarious demographic developments will curb increases in employment by companies. The shortage of qualified staff in some areas is becoming increasingly obvious. Details

  7. Banks and Markets After the Financial Crisis: a Classification

    teaserImage On 6 July 2015 Jan Pieter Krahnen, Professor of banking and finance, House of Finance, Goethe University Frankfurt, will look at whether the regulation projects undertaken in the wake of the financial crisis have actually eased the burden borne by taxpayers. In addition, he will also evaluate the European banking union’s prospects of success and will discuss Europe’s future political order. This Munich Seminar (in German) will be given at 6.00 p.m. in the Ludwig Erhard Saal of the Ifo Institute and livestreamed via the internet. Details

  8. ifo-GfK Konsumreport June 2015

    teaserImage In the June issue of the ifo-GfK-Konsum report, Dr. Wolfgang Nierhaus, Ifo Institute, presents future developments in private consumption, which are also set to remain a key economic driver in 2016. The monthly, German-language journal is a joint publication of the Ifo Institute and GfK Marktforschung, Nuremberg, in which the latest results of the GfK consumer climate report and the Ifo Business Survey are published and analysed. Details

  9. Falling Competitiveness Cools Export Climate

    teaserImage The Ifo Export Climate fell from 0.30 index points in April to 0.10 points in May. Corporate and consumer confidence abroad improved somewhat compared to last month. Competitiveness, by contrast, deteriorated. Details

  10. Guest Researchers July

    teaserImage Martin R. West, Harvard Graduate School of Education, Harvard University, will visit the Ifo Institute in June. Georg Schaur, University of Tennessee, John Komlos, Professor emeritus of the LMU Munich, Robert Fairlie and Rebecca London, both from the University of California, Santa Cruz, will be guests at the Center for Economic Studies (CES). Details

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