Upturn in Sight - Ifo Economic Forecast for Eastern Germany and Saxony 2013/2014
Jul 3, 2013: The economic situation in Eastern Germany and Saxony looks set to improve steadily over the next 18 months. The price-adjusted gross domestic product of Eastern Germany (including Berlin) looks set to increase by 0.4% overall in 2013 and by 1.6% in 2014. These are the indications of the Ifo Institute’s most recent economic forecast, which was presented by the deputy executive director of the Institute’s Dresden branch, Prof. Dr. Joachim Ragnitz, on 3 July. “This development will mainly be supported by robust domestic demand”, added Ragnitz.