ifo Economic Forecast
Twice a year the ifo Institute publishes the ifo Economic Forecast on the development of the German and the world economy for the current and the subsequent year. Because of the strong links of the German economy to the world economy and in particular to the European economy, a forecast is also made for the European Union and other important countries. A well-founded analysis of the economic situation is the basis of the forecast.
Ifo Economic Forecast 16 December 2016
Ifo Economic Forecast for 2016-2018: Germany’s Robust Economy Faces a Year of Uncertain International Economic Policy
Dec 16, 2016: The robust upturn experienced by the German economy as of 2013 is expected to continue. The Ifo Institute expects real gross domestic product to grow by 1.9 percent this year. This figure will drop to 1.5% in 2017, purely due to the lower number of working days in the calendar year compared to 2016. In 2018 real gross domestic product is expected to increase by 1.7 percent. Details
It is not always possible to forecast the business cycle accurately. Like all predictions, the economic forecasts made by the ifo Institute also vary to some extent from the official statistics published at a later date. In the interests of transparency, this article documents and evaluates ifo’s economic forecasts of real gross domestic product (GDP) in reunified Germany since 1991. read on Evaluation of ifo Economic Forecasts
Economic forecasts are estimates of future economic activity in the overall economy, with a focus on the slowing or speeding up as well as the turning points of economic variables in the course of the business cycle. Economic fluctuations are expressed in terms of the development in real quarterly GDP. read on ifo Policy Issue: ifo Economic Forecasts