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Press releases in the past quarter

  1. Refugees Need Fast Access to Childcare Centers, Schools and Professional Training

    Oct 1, 2015: “Education is the key to integration,” explain representatives of the Leibniz Education Research Network Details

  2. Credit Constraint Indicator - From the Ifo Business Survey for September 2015

    Credit Constraints Drop to Historical Low

    Sep 29, 2015: German companies are currently enjoying easier access to credit than ever before. Credit constraints for German trade and industry plunged to a new historic low of 14.8 percent in September from 15.0 percent last month. Financing conditions remain excellent. There are practically no credit constraints for German companies at the moment. Details

  3. Results of the Ifo Business Survey for September 2015

    Ifo Business Climate for Eastern Germany Brightens Again

    Sep 28, 2015: The Ifo Business Climate Indicator for eastern German industry and trade rose sharply to 108.7 points in September from 107.8 index points in August. Eastern German survey participants once again assessed their current business situation as better than last month. Their six-month business outlook was also more favourable. The eastern German economy can look back on a strong third quarter 2015 in September. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for September 2015

    German Companies Continue to Recruit New Staff

    Sep 28, 2015: German companies still intend to recruit more staff. The Ifo Employment Barometer rose to 108.6 points in September from 108.4 last month. The number of employees will continue to rise as a result. The main driver of developments remains the service sector. Details

  5. Immigration Offsets Declining and Ageing Population in Germany

    Sep 28, 2015: Immigration slows down the declining and ageing of the population in Germany. Even without any additional immigration flows, the share of people with a migrant background in Germany would automatically have risen to around 24.4 percent by 2030 from 20.5 percent in 2013. With fresh immigration flows, this figure can be expected to rise to almost 30 percent in 2030. Details

  6. Ifo Export Expectations - Results of the Ifo Business Survey for September 2015

    German Industry Still Expects Slow Growth in Exports

    Sep 25, 2015: The growing pessimism seen in the export industry in recent months has ground to a halt. After five consecutive decreases, the Ifo Export Expectations rose from 7.4 to 7.7 balance points in September. The negative influence exerted by the difficult economic situation in the emerging economies and events in China did not increase any further this month. Details

  7. Ifo Business Climate Germany - Results of the September 2015 Ifo Business Survey

    Ifo Business Climate Index Edges Upwards

    Sep 24, 2015: The Ifo Business Climate Index for German industry and trade rose in September to 108.5 from 108.4 points (seasonally revised) last month. Companies assessed their current business situation slightly less favourably than in August. However, they expressed greater optimism about future business developments. The German economy is proving robust. Details

  8. Ifo Institute Expects Refugees to Cost Ten Billion Euros

    Sep 20, 2015: If a total of 800,000 asylum-seekers do indeed come to Germany this year, as forecast by the German Federal Ministry of the Interior, it would cost the state around ten billion euros. This figure does not take into consideration family members joining the refugees or any educational measures; and is therefore a conservative estimate. Details

  9. Germany’s Net Capital Exports Rise to Hit New Record

    Sep 17, 2015: Germany’s current account surplus will continue to rise to the record figure of 250 billion euros in 2015 from 216 billion euros last year, according to calculations by Germany’s Ifo Institute. The driver behind the increase is once again trade in goods, in which Ifo forecasts an export surplus of 270 billion euros - also a new record. Services, net income from abroad, and net current transfers have a combined negative effect of around 20 billion euros. The upward trend is supported by the weak euro, which is boosting exports. Five billion euros of the surplus are also due to cheaper crude oil imports. Details

  10. Sinn Favours Interest Rate Hike in the US

    Sep 16, 2015: Ifo President Hans-Werner Sinn has called upon the US Federal Reserve to raise its interest rates. “The fact that interest rates are practically zero means that the interest rate has lost its controlling function of differentiating between profitable and unprofitable assets. That is bad news for the economy, as it suggests that resources are not in short supply, which is not true,” Sinn said. Details

  11. Ifo President Hans-Werner Sinn Publishes New Book on Euro Crisis

    Sep 14, 2015: Ifo President Hans-Werner Sinn has written a new, comprehensive book in German on the euro entitled: “Der Euro – Von der Friedensidee zum Zankapfel.” (“The Euro – From Peace Vision to Bone of Contention”). The book analyses the fundamental flaws in the Eurosystem and the events leading up to the latest crisis in Greece. Details

  12. Use Unexpected Budget Surpluses to Pay for Refugees

    Sep 9, 2015: The Ifo Institute has suggested that the German government should use unexpected budget surpluses to fund refugees. “Unexpectedly high tax revenues mean that the budget can still be balanced in the short term, despite rising expenditure on refugees,” noted Niklas Potrafke, Ifo’s budget expert. Details

  13. Eastern Germany to Lag Behind also in the Coming 25 Years

    Sep 3, 2015: The economies of the eastern federal states will lag behind those of the western states also in the next 25 years. “Everything suggests that eastern Germany will not be able to catch up over the next 25 years”, said Joachim Ragnitz, deputy head of the Ifo Dresden branch on Thursday at a conference in Tutzing to mark a quarter century of German unification. “The convergence between eastern and western Germany in terms of economic output came to a halt twenty years ago. Since 1995, GDP per capita has remained at 75 percent of the western German average. We should abandon the illusory idea of a convergence of living conditions in east and west”, Ragnitz argued. Details

  14. Results of the Ifo Education Survey 2015

    Germans Support Higher Salaries for Preschool Teachers and Oppose the Home Child-Care Subsidy

    Sep 1, 2015: An overwhelming majority of German residents are in favour of higher salaries for preschool teachers: 79 percent support this demand in a representative survey of the Ifo Institute. At the same time, a clear majority in the Ifo Education Survey 2015 opposes the Betreuungsgeld, a subsidy paid to parents who do not take advantage of public child care: 57 percent reject it, only 34 percent favour it. “This finding indicates that a majority of the German population would not support a relaunch of the home child-care subsidy that would be in conformance with a recent ruling of the Constitutional Court”, commented Ludger Woessmann, director of the Ifo Center for the Economics of Education on Tuesday in Berlin. The survey participants clearly oppose preschool fees: 77 percent believe that the government should pay for all children aged four or above to attend preschool and that this should be financed by the taxpayer. 86 percent of the respondents also support nationwide quality standards for preschools in terms of group sizes and the training of preschool teachers. However, 55 percent do not feel that preschool teachers should be required to be university trained. Details

  15. Credit Constraint Indicator - From the Ifo Business Survey for August 2015

    Credit Constraint Indicator Falls to New Historic Low

    Aug 28, 2015: German companies have fewer problems financing themselves with money from the banks. The credit constraint indicator for industry and trade in Germany fell to 15.0 percent in August, after 15.4 percent in the previous month. This is a new historic low. With the huge amounts of money pumped into the banks, the ECB is enticing them to an unprecedented nonchalance in lending. Details

  16. Results of the Ifo Business Survey for August 2015

    Renewed Increase in the Ifo Business Climate for Eastern Germany

    Aug 27, 2015: The Ifo Business Climate for eastern German industry and trade improved in August. The surveyed eastern German firms are again more satisfied with their current business than last month. In the business expectations for the coming six months, there was no change over July. The eastern German economy is moving along a solid growth path. Details

  17. Ifo Employment Barometer - Results of the Ifo Business Survey for August 2015

    German Firms Plan to Hire Additional Staff

    Aug 27, 2015: German companies intend to hire more people. In August, the Ifo Employment Barometer rose to 108.3 points from 107.2 in the previous month. In all sectors except manufacturing, more companies plan to hire additional employees. The robust economy in Germany is having a positive effect on the labour market. Details

  18. Ifo Export Expectations - Results of the Ifo Business Survey for August 2015

    German Industry Expects Slower Export Growth

    Aug 26, 2015: In terms of exports, German industry has become more pessimistic, export expectations having clouded over in August. In an Ifo survey, they fell to 7.4 balance points compared to 7.7 in July. The companies still expect growth in exports, however, but to a lesser extent. The difficult economic situation in emerging markets and China continues to have a dampening effect on exporters. Details

  19. Ifo Business Climate Germany - Results of the August 2015 Ifo Business Survey

    Renewed Increase in the Ifo Business Climate Index

    Aug 25, 2015: The Ifo Business Climate Index for German industry and trade rose in August to 108.3 points from 108.0 in the previous month. Satisfaction with the current situation has again increased significantly. However, the companies were somewhat less optimistic regarding future business. The German economy continues to be a rock in turbulent waters. Details

  20. Results of the Ifo World Economic Survey (WES) of 3rd quarter 2015 (13 August 2015)

    Ifo World Economic Climate Cools Down

    Aug 13, 2015: After recovering somewhat in the first half of the year, the Ifo Index for the world economy fell. The indicator’s present level of 95.9 points is now slightly below its long-term average of 96.1 points. While assessments of the current economic situation deteriorated compared to last quarter, expectations emained positive. There was still no major upswing in the world economy in the third quarter. Details

  21. CESifo DICE Report 2/2015: Pensions and the Financial Crisis

    Aug 7, 2015: The recent economic and financial crisis has put additional pressure on many pension systems around the world, which are already burdened by population ageing. The current economic environment with low interest rates has shaken confidence in funded pension systems in general and in defined contribution pension plans in particular. At the same time pay-as-you go systems are being adversely affected by high unemployment rates and dramatic deteriorations in public deficits. These developments have given impetus to further reforms aimed at improving the sustainability of pension arrangements. Details

  22. Advance results of the Ifo World Economic Survey (WES) of 3rd quarter 2015

    Ifo Economic Climate in the Euro Area Clouds Over Slightly

    Aug 6, 2015: The Ifo Index for the economic climate in the euro area edged downwards in the third quarter of 2015 and dropped to 124.0 points from 129.2 points last quarter. While assessments of the current economic situation brightened slightly, the six-month economic outlook clouded over markedly. The economic recovery in the euro area economy will lose momentum. Details

  23. Residential Building Permits Rise Markedly in Europe in 2015

    Jul 30, 2015: Selected results of the EUROCONSTRUCT summer conference 2015 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

  24. Credit Constraint Indicator - From the Ifo Business Survey for July 2015

    Credit Constraints Edge Upwards

    Jul 30, 2015: 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

  25. Results of the Ifo Business Survey for July 2015

    Ifo Business Climate for Eastern German Companies Brightens Considerably

    Jul 29, 2015: 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

  26. Ifo Employment Barometer - Results of the Ifo Business Survey for July 2015

    Readiness to Recruit Wanes in the German Economy

    Jul 29, 2015: 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

  27. Ifo Export Expectations - Results of the Ifo Business Survey for July 2015

    Export Outlook Continues to Cloud Over

    Jul 28, 2015: 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

  28. Ifo Business Climate Germany - Results of the July 2015 Ifo Business Survey

    Ifo Business Climate Index Rises

    Jul 27, 2015: 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

  29. Sinn: Euro Agreement Doesn’t Really Help Greece

    Jul 13, 2015: Ifo President Hans-Werner Sinn has criticised the agreement reached at the euro summit on Monday morning. “Many people believe that this plan is good for Greece, but it isn’t,” he said in Munich. “While this decision will cost the rest of Europe a great deal of money, all of this cash will not be enough to satisfy Greek citizens.” Greece is too expensive and is no longer competitive for that reason. “There is no sense in trying to solve the country’s problems by throwing more money at it. That is expensive and prevents the creation of competitive economic structures. A windfall will not create long-term jobs,” warned Sinn. Details

  30. Sinn and Fuest Oppose Extension of Emergency Credit for Greek Banks

    Jul 10, 2015: Ifo President Hans-Werner Sinn and his future successor Clemens Fuest have warned against extending ELA emergency credit to Greek commercial banks as of Monday. Details

  31. Ifo Viewpoint No. 169: Why “Grexit” Could Be Good for Greece

    Jul 9, 2015: It is a shame that Greece was unable to manage its finances and is now slipping into chaos. But this outcome was inevitable and could not be permanently averted with loans from the international community. The Greek government was effectively bankrupt back in 2012, in what was the biggest state Details

  32. Recovery in Eurozone Gains Impetus

    Jul 7, 2015: The economic recovery in the Eurozone will gain impetus slightly over the course of the year. Economic output is expected to grow by 0.5 percent in the third and fourth quarters respectively, following growth of 0.4 percent in the first and second quarters, according to the Ifo Institute (Munich), Insee (Paris) and Istat (Rome). The development will mainly be driven by domestic demand. Overall, this will lead to an annual rate of economic growth of 1.4 percent in 2015, after 0.9 percent in 2014. Details

  33. Ifo President Sinn Advises Greece to Reinstate the Drachma

    Jul 6, 2015: It is time for Greece to make a daring leap and adopt its own currency, says Ifo President Hans-Werner Sinn. “The drachma should be introduced immediately as a virtual currency,” Sinn said in Munich. Details

  34. Ifo Economic Forecast for Eastern Germany and Saxony 2015/2016

    Eastern German Economy Enjoys Sustained Growth

    Jul 2, 2015: Real gross domestic product in eastern Germany is expected to rise sharply by 1.8 percent this year and by 1.6 percent in 2016. These are the findings of the Ifo Institute’s Economic Forecast for Eastern Germany and Saxony published today. “Private consumption will remain the main economic driver”, notes Prof. Dr. Joachim Ragnitz, Deputy Executive Director of the Dresden Branch of the Ifo Institute. “But eastern German producers will also benefit from growing demand for capital goods,” he adds. Details

  35. Potential losses of the other euro countries if Greece and Greek commercial banks declare insolvency

    Jul 1, 2015: The table features the latest figures on the potential losses of the other euro countries if the Greek government and Greece’s commercial banks were to declare insolvency. Details

Press contact

Harald Schultz

Ifo Institute
Press, Publications, Conferences
Phone: +49(0)89/9224-1218
Fax: +49(0)89/9224-1267

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