German IFO Institute reported on the 8th, the euro zone is expected during the first half of 2009 will face an economic recession, but the extent of the recession in the fourth quarter of 2008 has bottomed out, the fourth quarter of 2008 is expected GDP to shrink 0.6 percent.
Integrated foreign January 8 reported that Germany's economic think tank IFO Institute on the 8th in the published report that the economy is expected, according to recently released data showing the euro zone, the euro zone during the first half of 2009 will face a situation of economic recession, but the extent of recession In the fourth quarter of 2008 has bottomed out.
IFO Institute said recently released economic survey report is expected, industrial activities will have fallen sharply, and credit crunch and a drop in demand for investment with great pressure.
IFO Institute also announced the official data on expectations. IFO Institute expects the euro-zone GDP in the fourth quarter 2008, following the third quarter after shrinking 0.2 percent shrinkage of 0.6%.
However, according to the IFO research institute in January 2009 to July period is expected to show that euro zone economic situation in 2009 will pick up gradually, the euro-zone GDP is expected to shrink 0.4 percent in the first quarter, shrinking 0.2 percent in the second quarter.
IFO Institute pointed out that if oil prices remain low, the cumulative 16-nation euro-zone inflation rate would be a further downturn.
Original article reprint please specify: Reprinted from
http://mengziren.blogspot.com
Integrated foreign January 8 reported that Germany's economic think tank IFO Institute on the 8th in the published report that the economy is expected, according to recently released data showing the euro zone, the euro zone during the first half of 2009 will face a situation of economic recession, but the extent of recession In the fourth quarter of 2008 has bottomed out.
IFO Institute said recently released economic survey report is expected, industrial activities will have fallen sharply, and credit crunch and a drop in demand for investment with great pressure.
IFO Institute also announced the official data on expectations. IFO Institute expects the euro-zone GDP in the fourth quarter 2008, following the third quarter after shrinking 0.2 percent shrinkage of 0.6%.
However, according to the IFO research institute in January 2009 to July period is expected to show that euro zone economic situation in 2009 will pick up gradually, the euro-zone GDP is expected to shrink 0.4 percent in the first quarter, shrinking 0.2 percent in the second quarter.
IFO Institute pointed out that if oil prices remain low, the cumulative 16-nation euro-zone inflation rate would be a further downturn.
Original article reprint please specify: Reprinted from
http://mengziren.blogspot.com
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