The Ifo World Economic Survey (WES) is designed to give an accurate picture of the economic situation and forecasts for important industrial, emerging and developing economies on a quarterly basis. Unlike the official statistics, which are primarily constructed around quantitative information, WES consists of qualitative information: appraisals and expectations of economic experts. Whereas the official statistics on the international level often appear after considerable delays, the WES results are timely and internationally comparable. Especially in countries where the data base of the official statistics is insecure, the appraisals and expectations expressed by on-site economic experts in the WES survey are of particular importance.
World Economic Climate clouded over slightly
Economic expectations downgraded again but remain positive
Stable price trend expected
Short-term interest rates expected to rise less than formerly anticipated
Euro appears slightly undervalued
Cross-border trade and investment
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