The ongoing corona pandemic is causing a major shock to the global economy. In the coming months, many countries are expected to suffer severe economic downturns. Sealing off entire regions disrupts supply chains, resulting in production losses and falls in consumption. The global economy is...

This study aims to refine unemployment forecasts by incorporating the degree of consensus in consumers’ expectations. With this objective, we first model the unemployment rate in eight European countries using the step-wise algorithm proposed by Hyndman and Khandakar (J Stat Softw...

Favorable labor market conditions and the resulting increase in private consumption are still sustaining the global economy. Trade disputes and political uncertainties, however, continue to slow investment activity, with the result that economic growth will only be moderate particularly in...

The German economy remains weak as of the fourth quarter of 2019. However, although industrial production is continuing its downward trend, there are signs of a slow recovery. The manufacturing sector is likely to expand production gradually beginning in 2020; therefore, it is less likely the...

Das ifo Institut beleuchtet seit Jahren kritisch die Güte der eigenen Konjunkturprognosen, die jeweils im Dezember eines Jahres t für das darauffolgende Kalenderjahr t + 1 abgegeben werden (vgl. Nierhaus 2019).1 Unter Einschluss der zum Prognosezeitpunkt noch unbekannten amtlichen Ergebnisse...