Ifo World Economic Climate Brightens FurtherResults of the 112th World Economic Survey (WES) for the second quarter of 2011

The Ifo indicator for the world economic climate has risen further albeit only slightly. The increase is the sole result of more favourable assessments of the current economic situation. The expectations for the coming six months weakened somewhat, however, but are still confident. The survey results indicate that the recovery of the world economy will continue in the coming six months although at a somewhat weaker pace.