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Economic Analysis and Forecasting in the Global Economy and in Emerging and Developing Regions Including Africa: How Informative is the Ifo World Economic Survey (WES)?

Author

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  • Johanna Garnitz
  • Willi Leibfritz

Abstract

Economists around the world rely in addition to official statistics on business (and consumer) surveys, which are more up-to-date. However, for many emerging and developing countries there is a lack of such surveys. This gap can, at least partly, be filled by the Ifo World Economic Survey (WES). In this paper we first describe this survey and also examine how helpful it is for macroeconomic analysis and short-term forecasting. We find that this survey provides important up-to-date information about the cyclical stage of the global economy and of major emerging and developing regions including Africa. Increasing the number of participating experts could further improve its usefulness for macroeconomic analysis in these regions.

Suggested Citation

  • Johanna Garnitz & Willi Leibfritz, 2016. "Economic Analysis and Forecasting in the Global Economy and in Emerging and Developing Regions Including Africa: How Informative is the Ifo World Economic Survey (WES)?," CESifo Working Paper Series 6126, CESifo.
    • Handle: RePEc:ces:ceswps:_6126
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp6126.pdf
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    References listed on IDEAS

    as
    1. Johanna Garnitz & Gernot Nerb & Klaus Wohlrabe, 2015. "CESifo World Economic Survey November 2015," ifo World Economic Survey, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(04), pages 1-28, November.
    2. repec:ces:ifowes:v:14:y:2015:i:4:p:1-28 is not listed on IDEAS
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    More about this item

    Keywords

    macroeconomic analysis; business cycle; global economy; emerging and developing countries; Africa;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F01 - International Economics - - General - - - Global Outlook
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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