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Ifo Economic Forecast 23 June 2009
Federal Republic of Germany
Key Forecast Figures
2007
2008
2009
2010
(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)
-0,4
2,2
4,3
6,9
1,8
8,0
1,1
7,5
5,0
2,5
0,1
1,8
4,4
5,9
3,0
6,5
1,8
2,7
4,2
1,3
0,3
1,4
-10,7
-22,4
-3,3
5,5
-1,8
-17,0
-8,3
-6,3
-0,8
1,7
0,4
-0,6
1,0
0,9
-0,3
2,3
2,4
-0,3
39768
3776
40330
3268
39856
3581
38806
4337
8,7
7,5
8,3
10,1
2,3
2,6
0,2
0,4
- EUR billion
-4,2
-3,1
-80,1
-141,1
- in % of GDP
-0,2
-0,1
-3,4
-6,0
2,7
0,7
-4,6
-0,3
2,1
3,3
0,1
0,5
b)
Employment (1.000 persons)
Unemployment (1.000 persons)
c)
Unemployment rate (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 by the Ifo Institute.- a) Price adjusted.- b) Domestic employment.c) Unemployment as a % of labour force (employed and unemployed).- 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 Agency of Labour, forecast by the Ifo Institute.