
The Ifo Index for the world economy fell to 95.0 points in the fourth quarter of 2014 from 105.0 points in the previous quarter, Ifo announced here on Thursday.
It is now below its long-term average of 95.5 points, reaching its lowest level since the third quarter of 2013, the Munich-based think tank said in a statement.
"Assessments of the current economic situation deteriorated only slightly. Economic expectations, however, were strongly downwardly revised," said Hans-Werner Sinn, president of the Ifo institute, adding "the upswing in the world economy is suffering a setback."
Ifo institute has conducted a quarterly survey in numerous countries on business cycle developments and other economic factors since 1981. The results of this survey are based on responses of more than 1,000 experts from over 100 countries and regions.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor