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  1. Ifo Economic Forecast for Eastern Germany and Saxony 2014/2015

    Eastern German Economy Regains Footing

    Dec 17, 2014: Real gross domestic product in Eastern Germany (including Berlin) will grow by 1.3 percent in 2014 and 2015 respectively, according to the results of the Ifo Institute’s Economic Forecast for Eastern Germany and Saxony published today. Economic growth in the Free State of Saxony is even expected to be slightly higher in both years. “Companies adopted a cautious approach to investment over the summer months”, explains Prof. Dr. Joachim Ragnitz, Deputy Executive Director of the Dresden Branch of the Ifo Institute. “The Eastern German economy will resume growth in the year ahead, despite the headwind expected from the introduction of the minimum wage”. Details

  2. Free Trade with Canada Leads to Rise in Per Capita Income in Germany

    Dec 15, 2014: The planned EU free trade agreement with Canada (CETA) could triple Germany’s exports to the country and double imports from it in the long-term. CETA stands to generate 0.19 percent sustained, long-term growth in real per capita income in Germany, and 0.22 percent growth for the EU overall. Canada stands to benefit to even greater degree with 2.97 percent growth. Details

  3. German Leasing Sector Grows by 6.1 Percent in 2014

    Dec 12, 2014: New business in the German leasing sector will grow by 6.1 percent to 50.2 billion euros this year, according to the results of the Ifo Institute’s Business Survey published in its Schnelldienst. Details

  4. Public Urban Transport Strikes Have Drastic Impact on General Public

    Dec 12, 2014: Local public transport strikes lead to denser traffic, congestion, more accidents, greater air pollution and a higher incidence of the health problems caused by it, particularly for children. These are the results of new research by Helmut Rainer and Timo Hener of the Munich-based Ifo Institute, jointly conducted with Stefan Bauernschuster from the University of Passau. “We find that the negative impact on the urban population far exceeds the costs incurred by the companies whose employees go on strike”, noted Rainer. Details

  5. Ifo Institute Expects 1.5 Percent Growth in 2015 for Germany

    Dec 11, 2014: The Ifo Institute expects the German economy to gain impetus in 2015. Economic output will increase by 1.5 percent next year. According to its researchers, the recovery will be strongly boosted by consumption, which is expected to grow by 1.7 percent in 2015, following a 1.1 percent increase in 2014. "Falling oil prices and the slump in the euro exchange rate have helped to pull the economy out of the state of shock induced by the outbreak of the Ukraine crisis. Companies are now slightly more relaxed as they look to the future," said Prof. Sinn, President of the Ifo Institute, on Thursday in Munich. Details


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