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News from Ifo Institute, CESifo and the Center for Economic Studies (CES)

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  1. ifo Konjunkturperspektiven July 2015 Published

    teaserImage The Ifo Business Climate Indicator rose in manufacturing and wholesaling, while it fell in construction, retailing and the service sector. Details

  2. “Abenomics” – Structural Reforms in Japan

    teaserImage Since the 1990s Japan has repeatedly experienced phases of economic stagnation and is a cautionary example for other advanced countries like Germany of the negative consequences that delayed structural reforms can have for a country when they are combined with progressive demographic transformation. Against this background, Erdal Yalcin, Ifo Institute, Philip Aanderud and Stefan Nippes look at the latest structural reforms in Japan and analyse them in the light of the country’s major challenges in ifo Schnelldienst 14/2015. Details

  3. Residential Building Permits Rise Markedly in Europe in 2015

    teaserImage The recovery in European residential construction is continuing: in 16 of the 19 EUROCONSTRUCT member countries the volume of construction services looks set to increase in the current year, while growth in nine countries is even forecast to exceed the 3% marker. These are the results of the network’s country forecasts published in June and presented in the latest issue of ifo Schnelldienst. Details

  4. Climate Fee for Coal-Fired Power Stations: Is This the Right Step Towards Achieving Climate Targets?

    teaserImage For a long time the German Federal Ministry for Economic Affairs and Energy favoured an additional climate fee for old coal-fired power stations to achieve German climate goals. With the compromise of 1 July this proposal seems to be off the table. The extent to which alternative proposals will be more effective in achieving mid-to long-term climate policy goals is assessed in ifo Schnelldienst 14/2015 by Erik Gawel and Sebastian Strunz, Helmholtz-Zentrum für Umweltforschung – UFZ, Leipzig, Sonja Peterson, Institut für Weltwirtschaft at the University of Kiel, Hartmut Möllring, Minister for Science and Business in Saxony, Carl-Friedrich Elmer, Martin Faulstich and Christian Hey, Council of Experts for Environmental Issues (SRU), and Felix Höffler, University of Cologne. Details

  5. Credit Constraints Edge Upwards

    teaserImage Credit constraints for German companies rose to 15.4 percent in July from 15.1 percent last month. This put a stop to the trend towards undercutting seen in recent months. Companies, however, still have virtually no problems accessing bank credit. Details

  6. Ifo Business Climate for Eastern German Companies Brightens Considerably

    teaserImage The Ifo Business Climate Index for Eastern German trade and industry rose sharply in July to 107.4 points from 105.8 index points in June, almost compensating for the declines of the past two months. The marked increase in the eastern German climate indicator was due to better assessments of the current business situation. At the same time, assessments of the six-month business outlook were less pessimistic. The agreement reached in principle on Greece is expected to boost the Eastern German economy. Details

  7. Readiness to Recruit Wanes in the German Economy

    teaserImage The Ifo Employment Barometer fell in July to 107.2 from 107.8 points last month. Companies in many branches are nevertheless still looking for staff. The positive employment dynamic continued to weaken. Details

  8. Export Outlook Continues to Cloud Over

    teaserImage The export expectations for German companies continued to decline this month, falling to 7.6 balance points in July from 9.2 points in June. The increase in exports continued to weaken. The expansive effects of the euro depreciation are slowly dissipating. In addition, cautious economic activity in several emerging economies is having a negative impact on the German export dynamic. Details

  9. Ifo Business Climate Index Rises

    teaserImage The Ifo Business Climate Index for German trade and industry rose to 108.0 points in July from 107.5 points last month. Assessments of the current business situation improved significantly after last month’s setback. Business expectations were also somewhat more optimistic after declining for three consecutive months. The recent easing of the Greece situation contributed to stronger sentiment in the German economy. Details

  10. German Service Sector: Ifo Business Climate Indicator for the Service Sector Falls

    teaserImage The Ifo Business Climate Indicator for the German service sector fell to 25.9 balance points in July from 27.4 points last month. While very favourable assessments of the current business situation improved slightly, optimistic business expectations were scaled back. Service providers expect to implement fewer price increases in the months ahead. Details


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