The data displays the ifo World Economic Climate Index from the third quarter 2016 to the third quarter of 2018. In the third quarter of 2018, the ifo World Economic Climate Index reached a value of 2.9.
The global economy and globalization
The global economy includes the economies of all nations and countries. Its key figures and values are often represented in USD; the U.S. is the world’s biggest economy, leading the ranking of the countries with the biggest gross domestic product / GDP. Gross domestic product is considered to be the most important factor when it comes to an economy’s strength and power.
