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Ifo Economic Forecast 25 June 2007
Federal Republic of Germany
Key Forecast Figures
2005
Percentage change over previous year
2006
2007
2008
(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)
0,1
0,6
0,8
6,1
-3,6
4,7
0,5
6,9
6,5
0,9
0,8
1,5
5,6
7,3
4,3
5,9
1,7
13,0
11,6
2,8
0,3
1,8
5,7
8,8
3,4
5,5
2,2
8,2
8,0
2,6
2,2
1,6
2,9
6,0
0,3
4,3
1,9
7,0
6,5
2,5
Employmentb) (1.000 persons)
Unemployment (1.000 persons)
38823
4861
39090
4487
39565
3812
39945
3527
11,2
10,3
8,8
8,1
2,0
1,7
2,1
1,8
-72,6
-37,0
-8,0
5,1
-3,2
-1,6
-0,3
0,2
1,5
2,7
2,8
2,6
2,2
2,2
2,1
2,0
Unemployment ratec) (in %)
d)
Consumer prices
(% change on the previous year)
e)
General government financial balance
- EUR billion
- in % of GDP
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.e) On national accounts definition (ESA 1995).-f) Harmonized index of consumer prices (HICP).
Source: Eurostat, Federal Statistical Office, Federal Agency of Labour, forecast by the Ifo Institute.