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Ifo World Economic Climate improved

Author

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  • Gernot Nerb
  • Johanna Garnitz

Abstract

The Ifo indicator for the world economic climate rose clearly, following a decline in the fourth quarter of 2010, and is now at the highest level since the end of 2007. It is now clearly above its long-term average. The rise in the world economic climate indicator is the result of more favourable assessments of both the current situation as well as the six-month outlook. The results indicate that world economic activity, after a slight dampening at the end of last year, is picking up again. In nearly all countries, the price expectations moved upwards. This was especially marked in Asia. On average for the world, a price increase of 3.4% is expected for 2011, in comparison to 3.1% for the previous year. In the course of the next six months, a slight rise in the value of the US dollar is expected vis-à-vis the euro.

Suggested Citation

  • Gernot Nerb & Johanna Garnitz, 2011. "Ifo World Economic Climate improved," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(05), pages 36-46, March.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:05:p:36-46
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    File URL: https://www.ifo.de/DocDL/ifosd_2011_5_3.pdf
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    Cited by:

    1. Dorine Boumans, 2016. "Brexit is above all a European problem: Results of a special question in the latest Ifo World Economic Survey," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(16), pages 55-57, August.

    More about this item

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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