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Ifo indicator for the world economy climate continues to fall

Author

Listed:
  • Gernot Nerb
  • Anna Wolf

Abstract

The Ifo world economy climate continued to deteriorate in the fourth quarter of 2008. The indicator has now fallen to its lowest level in more than 20 years. The decline results particularly from the more unfavourable appraisal of the present economic situation, but also the expectations for the next six months continued to worsen. On the whole, the survey data point to a global recession.

Suggested Citation

  • Gernot Nerb & Anna Wolf, 2008. "Ifo indicator for the world economy climate continues to fall," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(23), pages 53-61, December.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:23:p:53-61
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    File URL: https://www.ifo.de/DocDL/ifosd_2008_23_7.pdf
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    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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