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JAPAN FORECASTS ECONOMIC GROWTH FOR FISCAL 2021 AT 4.0 PERCENT

Published On 18 Dec 2020 05:41 AM


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Highlights –

  • Japan forecasts economic growth for fiscal 2021 at 4.0 percent.
  • A public spending policy package of $710 billion has been implemented by the Cabinet Office.
  • The Cabinet Office estimated the country's GDP to likely shrink by 5.2 percent for fiscal 2020.
  • The government projected private consumption is to expand 3.9 percent in fiscal 2021.

Tags : JAPAN ECONOMY, JAPAN COVID-19, JAPAN CABINET OFFICE, JAPAN GOVERNMENT, GROSS DOMESTIC PRODUCT, GDP, JAPAN CENTER FOR ECONOMIC RESEARCH,
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