Off the wire
• Thai PM ordered overhaul on southern Thailand's bomb explosion  • 1 killed and 20 injured as two bombs explode in Hua Hin of Thailand  • Latvian Railway teams up with Czech, Canadian companies to make eco-locomotives  • Urgent: At least 12 injured in blasts in Hua Hin of Thailand  • Spain's Abengoa reaches agreement to avoid bankruptcy  • Spanish stock market rises 0.70 pct, closes at 8,719 points  • Results of canoe slalom canoe double (c2) men final at Rio Olympics  • Zambia electoral body extends voting period  • Slovakia lift men's C2 title in canoe slalom competition of Olympic Games  • Interview: Fidel Castro, most targeted leader by his adversaries  
You are here: 　 Home

World economic climate suffers setback in Q3: Ifo

Xinhua, August 12, 2016 Adjust font size:

German research institute Ifo Institute reported Thursday that Ifo index for world economy suffers setback in the third quarter compared to the improvement seen in the second quarter.

The results of Ifo World Economic Survey show that the index for world economy fell by 4.5 index points to 86.0 in the third quarter, 10 index points below its long-term average. It is also the lowest level in last over three years.

According to experts of the survey, upward trend in the second quarter grounded to a halt in nearly all regions in the third quarter.

Their assessments of the current economic situation remain unfavorable and their economic expectations are far more negative than the second quarter.

"Sentiment in the world economy is subdued," Ifo president Clemens Fuest commented.

In addition, the survey also shows that the average short-term interest rates worldwide are expected to remain almost stable over the next six months, while long-term interest rates will increase in the second half of 2016.

Ifo institute has conducted a quarterly survey in numerous countries on business cycle developments and other economic factors since 1981. The results of this survey are based on responses of more than 1,000 experts from over 100 countries and regions. Endit