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  1. Guest Researchers in March

    teaserImage Andrei A. Levchenko, University of Michigan, will visit the Ifo Institute in March. The Center for Economic Studies (CES) will welcome Oguzhan Dincer, Illinois State University, Thomas Gresik, University of Notre Dame, Roland Hodler, University of St. Gallen, and Stephen Yeaple, The Pennsylvania State University. Details

  2. Capital Flight from Greece Accelerates Dramatically

    teaserImage Capital flight from Greece accelerated dramatically in January. Last month Greece’s Central Bank asked the other central banks in the Eurozone, as well as the ECB head office, to fill foreign bank accounts with a net sum of almost 27 billion euros. The Eurosystem thus effectively granted Greece over a billion euros per working day in additional overdraft credit. This was revealed by the latest figures released by the Greek central bank. Details

  3. Credit Constraints Hit Historic Low Once Again

    teaserImage Credit constraints for German companies fell to 16.2 percent in February from 17.1 percent last month, taking them 0.9 percentage points below the historic low reached in January. The flood of money expected from the European Central Bank seems to be encouraging banks to further ease their already loose credit constraints. Details

  4. Europe in Crisis

    teaserImage What can be done in Europe to achieve an upwards revision in EU growth forecasts and to restore Europe’s competitiveness? This issue is discussed in ifo Schnelldienst 4/2015 by Werner Hoyer, President of the European Investment Bank, and Dirk Niepelt, Studienzentrum Gerzensee and University of Bern. Details

  5. German Manufacturing: Willingness to Invest Rises

    teaserImage German manufacturers invested around 55 billion euros in new fixed assets, according to the results of the latest Ifo Investment Survey. This figure was only 3% higher than the previous year’s level. The real increase was of around the same magnitude due to the relatively stable price of capital goods in 2014. Original investment plans featured a 9% increase. Details

  6. Ifo Business Climate Index for Eastern German Länder Remains on the Rise

    teaserImage The Ifo Business Climate for the Eastern German Länder improved for the third month in succession. The satisfaction of Eastern German companies with their current business situation rose markedly this month. Survey participants in Eastern Germany are also no longer as pessimistic about future business developments as previously. The pace of positive developments in the Eastern German economy picked up. Details

  7. German Firms Recruit Fewer Staff

    teaserImage German firms proved slightly less willing to recruit new staff this month. The Ifo Employment Barometer fell to 106.8 index points in February from 108.1 index points in January. There were setbacks in the service sector and a growing number of bright spots in manufacturing. Details

  8. Report on the European Economy 2015: Blurring the Borders

    teaserImage The Report on the European Economy 2015 by the European Economic Advisory Group (EEAG) at CESifo analyses three topical issues: national energy markets, regional differences in economic development in Europe and migration flows within the EU. It specifically highlights the need for action to strengthen the Eurozone and accelerate the European integration process. Details

  9. German Manufacturers Increasingly Optimistic about Exports

    teaserImage Exports are providing further impetus to German manufacturing. The Ifo Export Expectations rose to 11.9 balance points in February from 9.5 points in January. German exporters continue to benefit from the low euro exchange rate. Details

  10. Ifo Business Climate Index Edges Upwards

    teaserImage The Ifo Business Climate Index for industry and trade in Germany rose to 106.8 points in February from 106.7 points last month. Satisfaction with the current business situation decreased somewhat, but companies expressed greater confidence in future business developments. The German economy is proving robust in the face of geopolitical uncertainty. Details

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