Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ifo Cuts German Growth Forecast, Says Nation to Avoid Recession

The Munich-based Ifo institute slashed its 2012 economic growth forecast for Germany, saying Europe’s largest economy can avoid a recession unless the euro region’s debt crisis worsens.

Ifo cut its 2012 growth forecast to 0.4 percent from 2.3 percent today and lowered its outlook for this year to 3 percent from 3.3 percent. While hiring will slow in 2012, unemployment will still decline as the population shrinks, it said.

“The global economic development in the forecasting period depends decisively on the ability to manage the European debt crisis,” Ifo said in an e-mailed statement. The forecast “rests on the assumption that it’s possible to calm financial markets lastingly and thus prevent a further escalation of the crisis.”

While the debt crisis is threatening to tip the 17-nation euro region into recession, Germany is showing few signs of slowdown. Industrial production rose more than economists forecast in October, manufacturing orders rebounded and unemployment declined in November, pushing the jobless rate to a seasonally adjusted 6.9 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.