Ifo survey reveals concerns over world economy

The ICC-Ifo World Economic Survey has revealed declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe.

16th August, 2012

The ICC-Ifo World Economic Survey has revealed declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe.

The survey, which received responses from 1,079 experts in 123 countries, showed that the world economic climate indicator fell to 85.1 in the third quarter of 2012 after two successive increases.

These results are significantly below the long-term average of 96.7 (1996-2011) for the survey, conducted by the Munich-based Ifo Institute for Economic Research...

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