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Ifo World Economic Climate Clouds Over Slightly - Results of the 121st World Economic Survey (WES) for the third quarter of 2013

Author

Listed:
  • Gernot Nerb
  • Johanna Garnitz

Abstract

After two successive increases, the Ifo World Economic Climate indicator fell again slightly. Both assessments of the current economic situation and the six-month economic outlook deteriorated compared to the previous quarter. The recovery in the world economy is not really making any progress. There are nevertheless signs of stabilization in the world economy. Developments in the various economic regions of the world are heterogeneous. The price increase expected for 2013 remains unchanged from last quarter at 3.2%. On worldwide average, short-term interest rates are no longer expected to decrease, but to rise for the first time in almost two years. The expected upward trend is even more marked in long-term interest rates. On worldwide average the US dollar and the Japanese Yen remain close to their equilibrium exchange rate, as in the last survey. The euro and the British pound, on the other hand, are seen as somewhat overvalued.

Suggested Citation

  • Gernot Nerb & Johanna Garnitz, 2013. "Ifo World Economic Climate Clouds Over Slightly - Results of the 121st World Economic Survey (WES) for the third quarter of 2013," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(16), pages 35-46, August.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:16:p:35-46
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    File URL: https://www.ifo.de/DocDL/ifosd_2013_16_4.pdf
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    Citations

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    Cited by:

    1. Evgenia Kudymowa & Johanna Garnitz & Klaus Wohlrabe, 2013. "Ifo World Economic Survey and Real Economic Developments in Selected Countries," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(19), pages 23-30, October.
    2. Evgenia Kudymowa & Johanna Garnitz & Klaus Wohlrabe, 2014. "Ifo World Economic Survey and the Business Cycle in Selected Countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(04), pages 51-57, January.
    3. Evgenia Kudymowa & Johanna Garnitz & Klaus Wohlrabe, 2014. "Ifo World Economic Survey and the Business Cycle in Selected Countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(4), pages 51-57, January.
    4. Wolfgang Nierhaus & Timo Wollmershäuser, 2016. "ifo Konjunkturumfragen und Konjunkturanalyse: Band II," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.

    More about this item

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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