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Ifo World Economic Climate Indicator continues to fall

Author

Listed:
  • Gernot Nerb
  • Johanna Garnitz

Abstract

The Ifo World Economic Climate continued to deteriorate in the fourth quarter of 2011. The indicator is now significantly below its long-term average. Unfavourable assessments of the current situation, and especially of the six-month outlook, were mainly responsible for the deterioration. The results confirm the difficult situation of the world economy. For the first time in over 20 years WES experts named “a lack of confidence in government economic policy” as the most important problem on a country average, with this problem ranked above “state deficits” and “unemployment”.

Suggested Citation

  • Gernot Nerb & Johanna Garnitz, 2011. "Ifo World Economic Climate Indicator continues to fall," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(22), pages 39-51, November.
  • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:22:p:39-51
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    File URL: https://www.ifo.de/DocDL/ifosd_2011_22_6.pdf
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    Cited by:

    1. Joachim Gürtler & Arno Städtler, 2012. "Equipment Investment Booms – Leasing wins Market Share," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(01), pages 47-50, January.

    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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