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▼ World Bank Revises up Japan ’17 Growth Forecast to 1.5%
- Category:Event
WASHINGTON (Jiji Press) — The World Bank said Sunday that it is projecting 1.5 percent growth in Japan’s real gross domestic product for 2017, up 0.6 percentage point from its previous forecast in January.
“Growth has picked up in 2017, supported by a recovery in external demand,” the World Bank said in its latest Global Economic Prospects report.
“Exports have strengthened, especially for information technology-related products and capital goods,” the bank also said. “Business investment has gained momentum.”
The World Bank projected that a revision to the Japanese government’s calculation method will also help push up the country’s GDP over the medium term.
The institution also said Japanese economic growth is expected to slow down in 2019 due to a planned consumption tax increase.
- June 6, 2017
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