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Ifo Economic Forecast 2013/2014: Favourable Perspectives for the German Economy

Author

Listed:
  • Kai Carstensen
  • Wolfgang Nierhaus
  • Tim Oliver Berg
  • Christian Breuer
  • Christian Grimme
  • Steffen Henzel
  • Atanas Hristov
  • Nikolay Hristov
  • Michael Kleemann
  • Wolfgang Meister
  • Johanna Garnitz
  • Leonhard Salzmann
  • Klaus Wohlrabe
  • Anna Wolf
  • Timo Wollmershäuser
  • Peter Zorn

Abstract

Since last autumn the world economy has stabilised at a relatively low level. As a result, world industrial production and world trade hardly lost any impetus in the winter months, after a steady drop in their growth rates over the previous two years. The stabilization was primarily due to relatively robust economic developments in the USA, Japan and the key emerging economies, which offset the recession in the euro area. The pace of world growth should pick up moderately over the summer. These are the indications of the Ifo World Economic Survey, as well as numerous other early indicators. All in all, world gross domestic product should increase by 2.9% this year and 3.7% next year. World trade is likely to increase by just 2.6% in 2013, followed by 5.5% in 2014.

Suggested Citation

  • Kai Carstensen & Wolfgang Nierhaus & Tim Oliver Berg & Christian Breuer & Christian Grimme & Steffen Henzel & Atanas Hristov & Nikolay Hristov & Michael Kleemann & Wolfgang Meister & Johanna Garnitz &, 2013. "Ifo Economic Forecast 2013/2014: Favourable Perspectives for the German Economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(13), pages 17-64, July.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:13:p:17-64
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    Citations

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    Cited by:

    1. Wolfgang Nierhaus & Klaus Abberger, 2015. "ifo Konjunkturampel Revisited," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(05), pages 27-32, March.
    2. 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
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General

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