World economy: climate indicator still at high level

According to the results of the 84th Ifo World Economic Survey, the indicator for the world economy climate stabilised in April 2004 at a high level. Unlike the results in January 2004, this time only the judgements of the current economic situation improved; the appraisals concerning the expectations for the next six months were somewhat less optimistic. Nevertheless, a strong growth of 3.4% is expected for this year worldwide.