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Ifo Economic Forecast 14 December 2010
Federal Republic of Germany
Key Forecast Figures
2008
Percentage change over previous year
2009
2010
2011
(1)
(1)
a)
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)
0,7
2,3
2,5
3,5
1,2
6,5
1,2
2,5
3,3
1,0
-0,2
2,9
-10,1
-22,6
-1,5
5,6
-1,9
-14,3
-9,4
-4,7
0,5
2,1
6,4
9,8
4,2
6,5
2,9
14,8
14,2
3,7
1,4
1,1
4,8
8,7
2,1
5,6
2,1
7,4
7,4
2,4
Employmentb) (1.000 persons)
Unemployment (1.000 persons)
40276
3268
40271
3423
40475
3242
40801
2943
7,8
8,2
7,7
7,0
2,6
0,4
1,1
1,6
- EUR billion
2,8
-72,7
-87,3
-59,5
- in % of GDP
0,1
-3,0
-3,5
-2,3
0,3
-4,0
1,7
1,4
3,3
0,3
1,5
1,4
Unemployment ratec) (in %)
d)
Consumer prices
(% change on the previous year)
e)
General government financial balance
memo item:
Real GDP in the EMU
(% change on the previous year)
f)
Consumer prices in the EMU
(% change on the previous year)
1) Forecast of the Ifo Institute.
c) Federal Employment Agency concept.- d) Consumer price index (2005=100).e) On national accounts definition (ESA 1995).-f) Harmonized index of consumer prices (HICP, 2005=100).
Source: Eurostat, Federal Statistical Office, Federal Employment Agency, forecast of the Ifo Institute.