After a sharp decline last month, the ZEW Indicator of Economic Sentiment for Germany has moved sideways in May 2013. The indicator has gained 0.1 points compared to the previous month and is now hovering at the 36.4 points-mark. read more
In May 2013 the ZEW-CS Indicator of economic expectations for Switzerland falls by 17.8 points to a level of 2.2 points. Thereby, last month's significant gains are lost and the indicator falls back to the level of March 2013. The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. read more
In May 2013 economic expectations for Central and Eastern Europe including Turkey (CEE) display a revision of last month's decline, thereby crawling back to a positive trend. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe increases by 15.4 points (April 2013: decline by 20.4 points after four consecutive increases). The balance of experts' expectations is currently set at 44.9 points. In spite of prevailing uncertainty in the Eurozone, experts' optimism increases in May for all countries in the CEE region and for the Eurozone (indicator increase by 31.1 points). read more
The growth of the German gross domestic product (GDP) will accelerate in 2013. For the first and second quarter of 2013, experts expect a median GDP growth of 0.2 and 0.3 per cent. In the third quarter an increase by 0.4 per cent is expected. This is the result of the analysis of a special question for the quarterly ZEW survey among financial market experts conducted by the Centre for European Economic Research (ZEW) in Mannheim. The participants of the survey are asked to forecast the strength of GDP growth in the previous, the current and the subsequent quarter. In April 2013, 158 financial market experts participated in this survey. read more
The taxation of multinational companies is not a topic suited for soapbox platitudes. It is simply too complex. Yet politicians continue to make it a subject of public debate. The governments of France, Germany, and the UK have declared that public coffers are threatened by the tax avoidance practices of multinational companies. EU Council President van Rompuy has placed this issue on the agenda of the next EU summit in May. And the president of France, François Hollande, has even declared that he wants to "eradicate" tax havens. read more
The Centre for European Economic Research (ZEW) is again on board of the exhibition ship "MS Wissenschaft" (MS Science). On 30 April, the floating Science Centre will set sail from Berlin and begin its journey through Germany and Austria. This year, the interactive exhibition with the motto "Alle Generationen in einem Boot"(All generations in the same boat) focuses on demographic change. The Federal Ministry of Education and Research (BMBF) sent the MS Wissenschaft on its mission. read more
The Centre for European Economic Research (ZEW) is pleased to announce the fifth interdisciplinary conference of the Leibniz Network on Real Estate Markets and Capital Markets (ReCapNet) on October 18 and 19, 2013, in Mannheim. This conference is open to all researchers interested in the relationship between real estate markets and capital markets. We welcome contributions in real estate finance and economics, as well as in economic and urban geography, regional science, urban development planning, demography, and law. Please submit papers as PDF file to conference@recapnet.org no later than July 19, 2013. Additional information and Call for Papers
