GDP: Positive forecasts are recovering slowly next year Private research company August 31 4:11
Regarding the outlook for the Japanese economy, which has deteriorated sharply due to the spread of the new coronavirus, private-sector research companies forecast that the GDP growth rate for the next fiscal year will return from the 2% level to the 4% level.
However, recovery is slow, and there are many views that GDP will return to its original level after FY2022.
Given that the real growth rate of Japan's GDP = Gross Domestic Product from April to June fell by 27.8% annually, the largest decline in the growth rate of private research companies. Has been revised.
According to the forecasts of eight companies, GDP for the current year will fall from minus 5.4% to minus 6.5%, the largest drop from the Lehman shock in FY2008.
On the other hand, GDP for the next fiscal year is expected to increase from 2.7% to 4.8% compared to the current fiscal year, and all eight companies will return to positive.
However, each company said the recovery will be slow in the next year after the biggest decline, and the reasons for this are that economic activity is expected to continue to be restricted and there is a concern that employment and income environment may deteriorate. I will.
Furthermore, there are many views that GDP will return to the original level after FY2022, and it has been pointed out that the economic stagnation may continue for some time.