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Joint Economic Forecast – Autumn 2011: Economic Upswing in Germany – Adverse Effects on the German Economy from the European Debt Crisis

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  • Projektgruppe Gemeinschaftsdiagnose

Abstract

On 13 October 2011 the economic institutes in the Joint Economic Forecast Project Group presented their autumn 2011 forecast to the press in Berlin. In their estimation, the outlook for the global economy deteriorated markedly in summer 2011. Businesses and households in the US and Europe regard the future with increased pessimism, and in financial markets, indicators such as a slump in share prices point to a downturn. In Europe, the sovereign debt crisis threatens to escalate into a banking crisis, since many banks hold a large amount of debt of the countries affected by the crisis.

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  • Projektgruppe Gemeinschaftsdiagnose, 2011. "Joint Economic Forecast – Autumn 2011: Economic Upswing in Germany – Adverse Effects on the German Economy from the European Debt Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(20), pages 03-71, October.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:20:p:03-71
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    Cited by:

    1. Christian Breuer, 2011. "Wage developments are driving tax revenues: results of the tax revenue forecast of November 2011," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(21), pages 32-36, November.
    2. Projektgruppe Gemeinschaftsdiagnose, 2013. "Gemeinschaftsdiagnose Herbst 2013," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(43), pages 3-77.
    3. Projektgruppe Gemeinschaftsdiagnose, 2013. "Economy Picking Up – Put Budget Surpluses To Good Use," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(20), pages 03-60, October.
    4. Projektgruppe Gemeinschaftsdiagnose, 2012. "Deutsche Konjunktur im Aufwind – Europäische Schuldenkrise schwelt weiter," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(08), pages 03-72, April.
    5. Christian Breuer, 2012. "Structural consolidation without fiscal policy – the results of the tax revenue estimate of May 2012," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 38-43, May.

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    JEL classification:

    • F00 - International Economics - - General - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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