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Ifo Economic Forecast, 29 June 2006
Federal Republic of Germany
Key Forecast Figures
2004
2005
2006
2007
(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)
0,6
-1,6
-0,2
2,6
-2,3
1,8
0,6
9,3
7,0
1,6
0,2
0,1
-0,2
4,0
-3,4
1,8
0,4
6,3
5,3
1,0
0,9
0,2
3,0
5,5
1,0
4,5
1,1
9,6
8,9
1,8
0,1
0,3
3,6
6,5
1,2
5,5
1,0
7,7
6,8
1,7
Employmentb) (1.000 persons)
Unemployment (1.000 persons)
38868
4381
38783
4861
38832
4601
39007
4451
10,2
11,2
10,6
10,3
1,6
2,0
1,8
2,5
-81,2
-74,5
-61,1
-43,3
-3,7
-3,3
-2,7
-1,8
2,1
1,3
2,2
2,1
2,1
2,2
2,3
2,2
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)
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.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.