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World economic climate improves slightly: Ifo

Xinhua, May 11, 2016 Adjust font size:

The world economic climate is to brighten slightly this quarter, research institute Ifo reported here on Wednesday.

According to the report, the Ifo index for the world economy rose from 87.8 points in the first quarter of 2016 to a projected 90.5 points for the second quarter, getting closer to its long-term average of 96.0 points.

"Although assessments of the current economic situation deteriorated marginally, economic expectations were more positive than last quarter," Ifo president Clemens Fuest said.

Economic experts expect the world economy to grow by 2.0 percent in 2016 and its recovery to remain moderate, the Munich-based think tank reported.

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