IDEAS home Printed from
   My bibliography  Save this article

Ifo indicator for the world economic climate falls again


  • Gernot Nerb
  • Anna Wolf


The Ifo World Economic Climate worsened for the fourth time in succession in the third quarter of 2008. The decline was primarily the result of more unfavourable assessments of the current economic situation, but there was also another downward revision of expectations for the coming six months. The current survey results point to a cooling of the world economy in 2008. On a worldwide average, the survey participants expect an inflation rate of 5.2%. This is a much higher rate than was surveyed last year (3.2%) and also in the second quarter of this year (4.2%). In contrast to the April survey, the WES participants – despite the ever clearer signs of a coming economic downturn – anticipate rising central bank interest rates next year. The reason is probably the strong increase in inflation expectations.

Suggested Citation

  • Gernot Nerb & Anna Wolf, 2008. "Ifo indicator for the world economic climate falls again," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(16), pages 35-42, August.
  • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:16:p:35-42

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:

    More about this item

    JEL classification:

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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:61:y:2008:i:16:p:35-42. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.