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ifo World Economic Climate Remains Good

Summary:
Results of the ifo World Economic Survey (WES) for the 3rd Quarter 2017 Press Release (PDF, 180 KB) The ifo World Economic Climate remains good this quarter. Experts assessed the current economic situation far more positively than in April, but were slightly less optimistic about the months ahead. The world economy is expected to continue to recover at a slightly slower pace in the second half of 2017. The economic climate primarily improved somewhat in the advanced economies, and especially in the euro area. The United Kingdom was the only country to experience a slump from plus 4.7 balance points to minus 46.3 points. Emerging and developing economies also had a dampening effect. Economic

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Results of the ifo World Economic Survey (WES) for the 3rd Quarter 2017

The ifo World Economic Climate remains good this quarter. Experts assessed the current economic situation far more positively than in April, but were slightly less optimistic about the months ahead. The world economy is expected to continue to recover at a slightly slower pace in the second half of 2017.

The economic climate primarily improved somewhat in the advanced economies, and especially in the euro area. The United Kingdom was the only country to experience a slump from plus 4.7 balance points to minus 46.3 points. Emerging and developing economies also had a dampening effect. Economic expectations clouded over in nearly all regions of the world. In the advanced economies, however, the economic situation this quarter was better compared to three months ago.

Price increases in the world economy are expected to slow down somewhat in the months ahead. Most experts still expect short and long-term interest rates to rise, but the number of experts expecting higher interest rates fell somewhat. Above all, experts expect world trade to pick up considerably over the next six months.

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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