ifo World Economic Climate Indicator Reaches Highest Level Since 2011
Munich, 13 November 2017
The ifo World Economic Climate improved this quarter, with the indicator
reaching its highest level since the second quarter of 2011. Experts assessed the current economic situation
as more positive than last quarter and their expectations were also more optimistic.
The climate improved in nearly all regions of the world. With the exception of the Middle East and Northern
Africa, experts across the globe assessed the current economic situation more positively. Developments in their
expectations were mixed. Optimism waned in advanced economies. Experts from emerging and developing
economies, by contrast, expect the world economy to pick up; with Latin America contributing strongly to the
improvement in expectations.
Based on exports, the price increase in the world economy will accelerate. Slightly fewer survey participants expect world trade to grow. The US dollar is expected to appreciate against other currencies.