Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


World economic climate to deteriorate further in Q3: think tank

August 10, 2018


Abstract : The world economic climate is to deteriorate further in the third quarter of the year, research institute ifo estimated on Thursday.

BERLIN, Aug. 9 (Xinhua) -- The world economic climate is to deteriorate further in the third quarter of the year, research institute ifo estimated on Thursday.

According to the report, the ifo index for the world economy would fall from 16.5 points in the second quarter to 2.9 points in the third quarter, returning to almost the same level as in the first quarter of 2017.

The economic climate deteriorated in nearly all regions, the report read, which was based on responses from 1,200 experts in 120 countries and regions.

Experts' assessments of the current economic situation deteriorated significantly, but remain at a high level. However, their economic expectations scaled back considerably, falling to the lowest level since the end of 2011.

"The world economy has slowed to a crawl," ifo president Clemens Fuest noted in the statement.

Ifo is one of Europe's leading research institutes. Its business climate index is considered among the most important barometers for the German economy.


Related Coverage

Focus

Think Tank

  • Foreign firms still betting on China

    October 19, 2018

    With the proactive opening-up of its market and constant improvement of its ...

  • Dollar bonds show confidence in Chinese economy

    October 18, 2018

    The dollar bond sale indicates that there is optimism about the continued im...

  • As US closes up, EU and China must build closer ties

    October 17, 2018

    The EU and China have the world's most dynamic economic relationship, their ...

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial