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Ifo Economic Forecast (15 December 2009)
Federal Republic of Germany
Key Forecast Figures
2007
2008
2009
2010
2011
(1)
(1)
(1)
a)
Percentage change over previous year
Private consumption
Government consumption
Gross fixed capital formation
Machinery and equipment,
Buildings
Other investment
Domestic demand
Exports of goods and services
Imports of goods and services
Gross domestic product (GDP)
-0,3
1,7
5,0
11,0
0,0
6,5
1,0
7,5
4,8
2,5
0,4
2,1
3,1
3,3
2,6
5,3
1,7
2,9
4,3
1,3
0,3
2,5
-8,4
-20,0
-0,4
6,3
-1,6
-14,3
-8,3
-4,9
0,2
1,3
0,9
1,0
0,5
4,0
0,9
8,4
6,9
1,7
0,7
1,1
0,5
1,5
-0,7
4,2
0,8
4,5
3,9
1,2
Employmentb) (1.000 persons)
Unemployment (1.000 persons)
39724
3776
40279
3268
40267
3426
39982
3607
39983
3617
8,7
7,5
7,9
8,3
8,3
2,3
2,6
0,3
0,6
0,8
- EUR billion
4,7
1,0
-73,3
-124,7
-138,0
- in % of GDP
0,2
0,0
-3,0
-5,1
-5,5
2,7
0,6
-3,9
1,0
0,9
2,1
3,3
0,2
0,9
1,2
Unemployment ratec) (in %)
d)
Consumer prices
(% change on the previous year)
General government financial balance
e)
memo item:
Real GDP in the EMU
(% change on the previous year)
Consumer prices in the EMU
(% change on the previous year)
f)
1) Forecast by the Ifo Institute.- a) Price adjusted.- b) Domestic employment.c) Unemployment as a % of labour force (employed and unemployed).- d) Consumer price index (2000=100).e) On national accounts definition (ESA 1995).-f) Harmonized index of consumer prices (2005=100).
Source: Eurostat, Federal Statistical Office, Federal Agency of Labour, forecast by the Ifo Institute.