Ifo outlook brightens

The Ifo business climate survey, a widely observed early indicator for the world economic climate, has shown a slight rise, as a result of more favourable assessments of the current economic situation. Survey results for Western Europe rose as a result of more positive assessments, compared to less favourable assessments of the economic climate in North America and Asia. But fears of inflation have risen worldwide, with a forecast price increase of 3.8 per cent for this year.