ifo Konjunkturprognose 2010/2011: Auftriebskräfte verlagern sich nach Deutschland

The world economy has gained traction this year, supported by expansionary monetary policy and government economic stimulus programmes. The dynamics of the recovery vary considerably according to countries and regions, however. Especially in Asia, the world economic climate measured by the Ifo Insti...

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Bibliographic Details
Published in:Ifo schnelldienst 2010-06, Vol.63 (24-26), p.12
Main Authors: Carstensen, K, Nierhaus, W, Abberger, K, Breuer, C, Buchen, T, Elstner, S, Grimme, C, Henzel, S, Hristov, N, Kleemann, M, Mayr, J, Meister, W, Paula, G, Stangl, A, Wohlrabe, K, Wollmershäuser, T
Format: Article
Language:ger
Subjects:
Economic growth
Economic recovery
International comparisons
Statistical data
Online Access:Get full text
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Summary:The world economy has gained traction this year, supported by expansionary monetary policy and government economic stimulus programmes. The dynamics of the recovery vary considerably according to countries and regions, however. Especially in Asia, the world economic climate measured by the Ifo Institute has improved greatly. Also in North America the climate indicator has risen and is now slightly above its long-term average. In Western Europe, on the other hand, it remains almost unchanged and has not yet reached its long-term average. The German economy, on the other hand, remains on a recovery course. Although output was noticeably dampened in the winter half year 2009/10 by special factors, leading indicators such as the Ifo Business Climate show that the basic tendency of economic activity is still directed upwards. In June a majority of firms in manufacturing reported a positive business situation for the first time since autumn 2008, after a long period in which the negative appraisals clearly predominated. The recovery is currently driven by exports, boosted by demand especially from Asia. The German economy, which because of its export orientation was particularly affected by the recent recession, is now profiting to a large extent from the world economic recovery. [PUB ABSTRACT]
ISSN:0018-974X