It was precisely this job of informing the public that Fritz Hellwig, the ﬁrst director, saw as the main task of the German Industry Institute, as it was then called.
We are in an environment of global economic moderation, with a very moderate recovery in the advanced economies, and expectations are that this process will continue in the coming year. With that, the emerging economies are in a slowdown, and the expectation is that growth will continue to be relatively moderate for these countries.