Slight fall in the Ifo World Economic Climate Indicator

The Ifo World Economic Climate clouded over slightly in the third quarter of 2010. Although the surveyed experts assessed the present economic situation more favourably than in the first half of 2010, their expectations for the next six months are weaker. The results indicate that the recovery of world economic activity will continue in the second half of the year at a slower pace. On an international average, neither inflation nor deflation will present greater problems in the near future, according to the survey participants. In accord with the worsened outlook for economic activity, fewer WES experts than at the beginning of the year expect rising short-term and long-term interest rates in the course of the coming six months.