Ifo Institute for Economic Research explained

Ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Size:150px
Status:Eingetragener Verein
Founded:1949
Formation:1949
Merger:Süddeutsches Institut für Wirtschaftsforschung
Informations- und Forschungsstelle of the Bavarian Statistical Office
Staff:193 employees
Location:Munich, Germany
Headquarters:Munich, Dresden
Affiliations:Center for Economic Studies
University of Munich
Leader Title:President
Leader Name:Clemens Fuest
Website:www.ifo.de

The Ifo Institute for Economic Research is a Munich-based research institution. Ifo is an acronym from Information and Forschung (research). As one of Germany's largest economic think-tanks, it analyses economic policy and is known for its monthly Ifo Business Climate Index for Germany. According to its 2021 report 217 employees work for the organisation.[1] The Frankfurter Allgemeine Zeitung ranks it as Germany's most influential economics research institute.[2]

Ifo Business Climate Index

Ifo's Business Climate Index is an early indicator of economic activity released monthly since 1972. The database underlying the index is a monthly survey of 7000 in the construction, manufacturing, wholesale and retail industries. The index is closely followed by investors, commentators and politics.[3] [4]

Report on the German economy

The Ifo Institute participates in the twice yearly (spring and autumn) joint analysis of the state of the German and world economy, the so-called Gemeinschaftsdiagnose.[5]

External links

Notes and References

  1. https://www.ifo.de/DocDL/JB-2021-d.pdf ifo Jahresbericht 2021
  2. Patrick Bernau: Münchener Institut und Universität sind einflussreich, FAZ Fazit, 1 November 2017
  3. News: Megaw . Nicholas . ‘Euphoric’: German business confidence at highest level on record – Ifo . 16 April 2020 . Financial Times.
  4. Web site: Niehaber . Michael . Surprise rise in German business morale dispels recession fears . Reuters . 16 April 2020.
  5. German government Web site Bundeswirtschaftsministerium Online