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Press releases in the past quarter

  1. Fuest Criticises Inheritance Tax Reform in Germany

    Sep 22, 2016: Ifo President Clemens Fuest has criticised the inheritance tax reform in Germany as an "employment programme for tax advisors". Details

  2. Business Climate for German Architects Hits Record High

    Sep 16, 2016: The business climate for freelance architects has hit a new record high. The climate is now as good as it was shortly after the fall of the Berlin Wall, reported the Ifo Institute on Friday in the latest issue of its Ifo Schnelldienst, which features a survey of freelance architects conducted at the beginning of the third quarter. 54 percent of the architects surveyed assessed their own business situation as good, while only 11 percent described it as poor. As far as their six-month business outlook is concerned, 18 percent of the architects surveyed even expect it to improve further, while only 9 percent think that the situation will deteriorate. 57 percent of survey participants signed new orders and the average order backlog is 6.8 months. In residential construction in particular architects are currently experiencing a boom. Orders for single-family and duplex houses are triple the figure seen ten years ago when orders plunged to a record low. New orders for the planning of apartment buildings were also 10 percent higher than last quarter. Details

  3. German Firms Increasingly Favour Home Office

    Sep 16, 2016: A growing number of German companies are offering their employees the opportunity to work from home occasionally. This share rose from 30 percent of companies in 2012 to 39 percent this year, according to the results of the Ifo-Randstad Personnel Managers Survey published on Friday. Details

  4. Economists Panel for September 2016: German Economists Want Clinton Instead of Trump

    Sep 15, 2016: If German economists could elect the new US President, an overwhelming majority would vote for Hillary Clinton. In the September Economists Panel, a survey jointly conducted by the Ifo Institute and the Frankfurter Allgemeine Zeitung and published on Thursday, the former US foreign minister received 74.48 percent of votes, while Trump won just 0.7 percent. Laurence Kotlikoff, the economics professor from Boston, came second with 15.17 percent of votes. Even largely unknown candidates like Gary Johnson (3.45 percent) and Jill Stein (2.07 percent) scored better than Trump. Details

  5. Germans Sceptical About Immigrants’ Education Level – Teachers Particularly Featured in the Ifo Education Survey

    Sep 14, 2016: Three quarters of Germans assess the average education level of refugees as low. Accordingly, the majority (53 percent versus 33 percent) also does not believe that refugees will help to reduce the shortage of skilled workers in the German economy. These are results of the Ifo Education Survey, a representative poll in Germany which was presented at the Leibniz Association in Berlin on Wednesday. Majorities are in favour of publicly funded obligatory language courses for refugees (75 percent in favour, 18 percent against), extending compulsory schooling to the age of 21 years (58:26) and a two-year right of residence upon completion of an apprenticeship (50:37). Details

  6. Germany Set to Become World Champion in Capital Exports in 2016

    Sep 7, 2016: Germany is on track to overtake China as world champion in capital exports this year, according to calculations by the Ifo Institute. Germany’s current account surplus is forecast at 310 billion US dollars (goods, services and transfers) in 2016, versus 285 billion US dollars in 2015. China is expected to post a surplus of around 260 billion US dollars this year, with Japan following in third place with a surplus of around 170 billion US dollars. Low oil prices transformed Saudi Arabia’s large surpluses prior to 2014 into a deficit in 2015, and is expected to do so again in 2016. Details

  7. Fuest Praises Schäuble’s Plans to Cut Taxes

    Sep 6, 2016: Ifo President Clemens Fuest welcomes the planned tax cuts announced by Germany’s Finance Minister Wolfgang Schäuble and would like to see him go a little further. Details

  8. New Book: "The Black June" by Hans-Werner Sinn

    Sep 6, 2016: The Brexit vote, the decision of the German Constitutional Court on the bond purchases of the European Central Bank and the refugee crisis have incited former Ifo President Hans-Werner Sinn to write a new book entitled “Der Schwarze Juni” (The Black June) which will be released in October by Herder in Germany. Details

  9. Credit Constraint Indicator - From the Ifo Business Survey for August 2016

    Credit Constraints Increase Again

    Aug 30, 2016: The Ifo Credit Constraint Indicator for German industry and trade rose to 15.0 percent in August from 14.6 percent the previous month. This is the percentage of companies that reported a restrictive bank lending policy. Nevertheless, financing conditions for German companies remain excellent. Details

  10. Ifo President Fuest: Income Tax Cuts in Germany are Affordable

    Aug 30, 2016: Ifo President Clemens Fuest argues that income tax cuts in Germany can be financed. “If we aim at keeping the share of overall tax revenue in GDP constant, we have 18 billion euros to spare in the coming years. This is confirmed by the latest tax revenue estimates. Moreover, because of bracket creep, revenue from the income tax is increasing disproportionately”, he observed on Wednesday in Munich. Details

  11. Results of the Ifo Business Survey for August 2016

    Ifo Business Climate Index for Eastern Germany Falls Again

    Aug 29, 2016: The Ifo Business Climate for industry and trade in the eastern German states worsened further in August. The current business situation and business expectations for the next six months were assessed significantly more poorly than in July. The eastern German businesses are showing signs of scepticism at the end of the summer. Details

  12. Ifo Employment Barometer - Results of the Ifo Business Survey for August 2016

    Favourable Outlook for Employment in Germany

    Aug 29, 2016: Despite a bleaker economic outlook, German industry’s willingness to hire has increased slightly. The Ifo Employment Barometer rose to 108.7 index points in August after 108.1 in the previous month. Manufacturing in particular plans to recruit more new staff, despite the concern in the EU over the Brexit vote. Details

  13. Ifo Export Expectations - Results of the Ifo Business Survey for August 2016

    Export Expectations

    Aug 26, 2016: German industry is again anticipating fewer orders from abroad. Export expectations fell from 5.0 balance points in July to 4.7 points in August. The Brexit vote is showing its effect. Details

  14. Ifo Business Climate Germany - Results of the August 2016 Ifo Business Survey

    Clear Worsening of the Ifo Business Climate

    Aug 25, 2016: Business confidence in Germany has clearly worsened. The Ifo Business Climate Index fell from 108.3 points in July to 106.2 points in August. Both the current business situation and the expectations for the next six months were assessed more poorly by the companies than in the previous month. The German economy has fallen into a summer slump. Details

  15. Ifo Dresden Calls for More Vigorous Growth Policies in Eastern Germany

    Aug 24, 2016: Only a few weeks before the elections in Mecklenburg-Vorpommern and Berlin, the Dresden branch of the Ifo Institute is calling for stronger growth policies in eastern Germany. "Estimates of the Ifo Institute expect that average annual GDP growth will match the average German rate only in Saxony and in Brandenburg in the period 2015 to 2030. The other eastern German states can expect, in some cases, extremely low growth rates”, according to Ifo researcher Joachim Ragnitz in an article published on Wednesday. Details

  16. Results of the Ifo World Economic Survey (WES) of 3rd quarter 2016

    Ifo World Economic Climate Suffers Setback

    Aug 11, 2016: The Ifo Index for the world economy fell by 4.5 index points to 86.0 in the third quarter, dipping to its lowest level in over three years at ten index points below its long-term average. These results contrast with the improvement seen last quarter. Experts’ assessments of the current economic situation remain unfavourable, while their economic expectations are far more negative than last quarter. Sentiment in the world economy is subdued. Details

  17. Brexit Remains Primarily a European Problem

    Aug 8, 2016: Britain itself stands to suffer the most from the Brexit in economic terms, although other European Union countries – and especially Ireland – will also be negatively impacted. The Brexit is hardly expected to have any impact on North America, the Middle East and the CIS states. These are the results of a special question featured in the Ifo World Economic Survey (WES) of 762 experts from 112 countries conducted over the period of 1 July 2016 to 27 July 2016. Details

  18. Advance results of the Ifo World Economic Survey (WES) of 3rd quarter 2016

    Ifo Economic Climate in the Euro Area Remains Overcast

    Aug 4, 2016: Economic sentiment in the euro area weakened this quarter, although the deterioration was only marginal. The Ifo Index for the economic climate in the euro area fell to 111.6 points in the third quarter from 112.7 points in the second quarter, but nevertheless remains way above its long-term average. The deterioration in the economic climate was entirely due to less positive assessments of the economic outlook. The current economic situation, by contrast, improved. The economic recovery in the euro area continued this quarter, but lacked impetus. Details

  19. Credit Constraint Indicator - From the Ifo Business Survey for July 2016

    Credit Constraints Rise Marginally

    Jul 29, 2016: Credit constraints for German trade and industry edged upwards from 14.5 percent in June to 14.6 percent in July. This figure represents the share of companies reporting problems accessing bank credit. The financing environment, especially for banking credit, remains very good for German companies. Details

  20. Germany Redistributes Income Strongly from Top to Bottom

    Jul 28, 2016: Germany is one of the OECD countries with a particularly low level of income inequality, according to the preliminary results of a study conducted by the Ifo Institute on behalf of the Foundation for Family Business (Stiftung Familienunternehmen). “Germany performs strongly by international comparison when it comes to redistribution,” explains Gabriel Felbermayr, Director of the Ifo Center for International Economics and the study’s managing author. With an average government expenditure ratio, it is possible to strongly reduce the degree of inequality in terms of net income compared to gross income. Details

  21. Results of the Ifo Business Survey for July 2016

    Ifo Business Climate Index for Eastern Germany Falls

    Jul 28, 2016: The Ifo Business Climate for trade and industry in the eastern German Länder clouded over somewhat in July on a seasonally adjusted basis. Eastern German companies were markedly less satisfied with their current business situation than in June. They were, however, marginally more optimistic about business developments for the months ahead. Details

  22. Economists Panel for July 2016: German Economists Favour Free Trade Agreements TTIP and CETA

    Jul 27, 2016: The majority of German economics professors are in favour of the planned free trade agreements TTIP and CETA. These are the results of the latest economists panel, a monthly survey conducted by the Ifo Institute in cooperation with the Frankfurter Allgemeine Zeitung. According to the panel, around 72% of the 124 professors surveyed support the agreement with Canada (CETA); while around two thirds advocate an agreement with the United States (TTIP). Details

  23. Ifo Employment Barometer - Results of the Ifo Business Survey for July 2016

    German Companies Continue Search for Staff

    Jul 27, 2016: Potentially higher uncertainty in the wake of the Brexit vote failed to have any negative influence on German companies’ willingness to recruit staff this month. The Ifo Employment Barometer edged upwards to 108.1 index points in July and German companies still plan to recruit additional staff, especially in the service sector. Details

  24. Ifo Export Expectations - Results of the Ifo Business Survey for July 2016

    Export Expectations Fall

    Jul 26, 2016: German business expect fewer stimuli from abroad. Their export expectations fell from 7.9 balance points in June to 5.0 balance points in July. The decline is partly due to uncertainty caused by the Brexit vote. Details

  25. Ifo Business Climate Germany - Results of the July 2016 Ifo Business Survey

    Ifo Business Climate Deteriorates Slightly

    Jul 25, 2016: Sentiment in the German economy weakened slightly in the wake of the Brexit referendum. The Ifo Business Climate Index fell from 108.7 points in June to 108.3 points in July. This was due to far less optimistic business expectations on the part of companies. Assessments of the current business situation, by contrast, improved slightly. The German economy proves resilient. Details

  26. Ifo President Fuest Favours Eight Percent Inheritance Tax Flat Rate

    Jul 15, 2016: Ifo President Clemens Fuest favours an inheritance tax flat rate of eight percent in Germany. “That would be the simplest and fairest solution,” he said on Friday in Munich. Details

  27. Euro Area: Institutes Say Brexit Has Minor Negative Impact on Growth

    Jul 12, 2016: The results of the Brexit referendum have had a slightly negative impact on growth forecasts in the euro area. The three economics research institutes Ifo, INSEE and ISTAT expect economic output to increase by 0.4 percent in the third quarter, and by just 0.3 percent in the fourth quarter. "Without the referendum we would have expected growth to remain at around 0.4 percent in the fourth quarter", notes Atanas Hristov, Ifo Institute. "The referendum has significantly increased uncertainty. The short-term negative impact, however, should remain limited, while the medium-term effect will depend heavily on the new agreements reached between Britain and the EU." Overall, the annual growth rate for 2016 is expected to be around 1.6 percent. Details

  28. Brexit Referendum Will Only Put Slight Damper on German Economy

    Jul 6, 2016: The result of the Brexit referendum will probably only put a small damper on the German economy this year and in 2017, according to calculations by the Ifo Institute. Ifo’s latest figures indicate that growth in Germany will be around 0.1 percent lower than previously forecast for 2016 and 0.1 – 0.2 percentage points lower in 2017. These effects are due to weaker exports and investments. Details

  29. Results of the Ifo Business Survey for June 2016

    Ifo Business Climate Index for Eastern Germany Rises

    Jun 30, 2016: Ahead of the Brexit referendum, the Ifo Business Climate Index for trade and industry in the eastern German Länder rose marginally in June. Eastern German companies assessed their current business situation as somewhat better than last month and the six-month business outlook deteriorated only negligibly. Overall, sentiment remains positive. Details

  30. Credit Constraint Indicator - From the Ifo Business Survey for June 2016

    Credit Constraints Edge Upwards

    Jun 29, 2016: Credit constraints for German trade and industry crept up to 14.5 percent from 14.2 percent last month. This figure represents the share of companies reporting problems accessing bank credit. German firms still have no problems obtaining bank loans and this climate is not expected to change in the months ahead. Details

  31. Ifo President Fuest Fears Higher Minimum Wage Will Impact Refugee Integration

    Jun 28, 2016: The minimum wage increase is overhasty, according to Ifo President Fuest. "In view of the inflow of refugees I think it would have been better not to increase the minimum wage for the time being", he said on Tuesday in Berlin. "It is positive, however, that the Commission has not ceded to public demands to raise the minimum wage to above nine euros," he added. Fuest is a non-voting member of the Minimum Wage Commission. Details

  32. Economists Panel: Vast Majority Favours Raising Retirement Age

    Jun 28, 2016: The vast majority of German economics professors (61.2 percent) surveyed in this month’s Economists Panel conducted by Ifo and the Frankfurter Allgemeine Zeitung is in favour of raising the retirement age to over 67 years. Only 36.9 percent believe that the retirement age should remain fixed at 67, while just 1.9 percent would like to see a return to retirement at 65. "It is remarkable how many colleagues support raising the retirement age and see retirement as of the age of 63 as an economic policy error. That should give politicians food for thought,” said Niklas Potrafke, Director of the Ifo Center for Public Finance and Political Economy. Details

  33. Ifo Dresden Expects 1.7 Percent Growth in Eastern Germany and 1.8 Percent in Saxony

    Jun 28, 2016: Ifo Dresden expects real gross domestic product to grow by 1.7 percent for Eastern Germany (including Berlin) and 1.8 percent for Saxony. These forecasts almost correspond to the Ifo Institute’s forecast of 1.8 percent in 2016 for Germany as a whole. For 2017, Ifo Dresden expects growth of 1.3 percent for Eastern Germany (including Berlin) and 1.5 percent for Saxony, which are both slightly lower than the figure forecast by the Ifo Institute for Germany on the whole (1.6 percent). Details

  34. Ifo Export Expectations - Results of the Ifo Business Survey for June 2016

    Export Expectations Rise

    Jun 28, 2016: German businesses surveyed prior to the Brexit referendum expressed greater confidence in their exports. Export expectations rose to 8.1 balance points in June from 6.2 balance points in May, reaching their highest level since December 2015. German exporters held their ground in a weak global economic climate. Details

  35. Ifo Employment Barometer - Results of the Ifo Business Survey for June 2016

    Hiring by German Companies Continues Unabated

    Jun 27, 2016: German companies still plan to recruit new staff. The Ifo Employment Barometer edged downwards marginally to 108.0 points in June, versus 108.3 points in May. The employment dynamic nevertheless remains expansively oriented. Details

  36. Ifo Business Climate Germany - Results of the June 2016 Ifo Business Survey

    Ifo Business Climate Index Rises

    Jun 24, 2016: Sentiment in the German economy improved significantly ahead of the Brexit referendum. The Ifo Business Climate Index rose to 108.7 points in June from 107.8 points in May (seasonally adjusted). Satisfaction levels with the current business situation were only slightly higher, but the short-term business outlook improved significantly. The German economy remains buoyant. Details

  37. Ifo President Clemens Fuest Regrets Brexit

    Jun 24, 2016: Ifo President Clemens Fuest regrets the Brexit. "The decision by British voters in favour of a Brexit marks the defeat of common sense", said Fuest on Friday. Details

  38. Over a Third of German Manufacturers Fear Business Losses from Brexit

    Jun 22, 2016: Over a third of German manufacturers fear that a Brexit will negatively impact their business. The exact figure is 38 percent, according to data released by the Ifo Institute on Wednesday. Details

  39. Ifo President Fuest Criticises Constitutional Court

    Jun 21, 2016: Ifo President Clemens Fuest has criticised the OMT ruling by Germany’s Constitutional Court. “This represents an about-turn by the judges compared to the order for reference of 2014. They have not dared to rein the European Central Bank‘s (ECB) government bond buying to any greater degree than the European Court of Justice (ECJ),” said Fuest on Tuesday. Details

  40. Ifo President Fuest Criticises German Inheritance Tax Reform

    Jun 20, 2016: Ifo President Clemens Fuest has criticised the decisions taken over inheritance tax in Germany. "Politicians have once again missed an opportunity to fundamentally reform inheritance tax", Fuest said on Monday in Munich. Details

  41. Ifo Institute Upwardly Revises Forecast to 1.8 Percent Growth

    Jun 16, 2016: The Ifo Institute has upwardly revised its growth forecast to 1.8 percent for this year. In the Spring 2016 Joint Economic Forecast prepared with Germany’s other leading economic research institutes the forecast was just 1.6 percent. "The first quarter of 2016 was better than expected. The moderate upturn in the German economy that started in 2014 is entering the second half. It may even run into extra time,” said Timo Wollmershäuser, Interim Director of the Ifo Center for Business Cycle Analysis and Surveys. The growth rate is expected to decline only slightly to 1.6 percent in the year ahead. Details

  42. Business Climate for German Architects Hits Record High

    Jun 9, 2016: The business climate for freelance architects in Germany has hit a record high, according to the latest Ifo Architects Survey. The business climate, which is based on indicators for the current business situation and expectations, last scaled comparable heights in the wake of German Reunification during the first half of 1990. Details

  43. Ifo President Fuest Opposes Direct Purchase of Corporate Bonds

    Jun 8, 2016: Ifo President Clemens Fuest has criticised the European Central Bank (ECB) for its latest move to buy bonds directly from companies. Details

Press contact

Harald Schultz

Ifo Institute
Press, Publications, Conferences
Phone: +49(0)89/9224-1218
Fax: +49(0)89/9224-1267
Email: schultz @ ifo.de
Website


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