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Ifo Economic Forecast 23 June 2010
Federal Republic of Germany
Key Forecast Figures
2008
2009
2010
2011
(1)
(1)
Percentage change over previous yeara)
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
2,1
3,1
3,3
2,6
5,3
1,7
2,9
4,3
1,3
-0,1
3,4
-9,0
-20,5
-1,1
4,9
-2,1
-14,5
-9,5
-4,9
-1,0
1,7
1,6
2,9
0,5
4,7
0,9
10,8
8,8
2,1
0,7
0,5
2,0
3,1
1,0
4,5
0,7
7,3
6,2
1,5
Employmentb) (1.000 persons)
Unemployment (1.000 persons)
40279
3268
40265
3423
40347
3233
40469
3043
7,5
7,9
7,4
7,0
2,6
0,4
1,1
1,5
- EUR billion
1,0
-75,3
-103,7
-87,9
- in % of GDP
0,0
-3,1
-4,2
-3,4
0,4
-4,1
1,0
1,0
3,3
0,3
1,3
1,3
Unemployment rate c) (in %)
Consumer prices
d)
(% 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 (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.