OECD Growth Forecast World-4.5% Japan-5.8% September 17, 4:46
Regarding the world economy, which has been hit hard by the spread of the new coronavirus, the OECD = Organization for Economic Co-operation and Development has announced that the growth rate will be minus 4.5%.
For Japan, it is forecast to be minus 5.8%.
According to the forecast released by the OECD on the 16th, the growth rate of this year in the world as a whole is expected to be minus 4.5% in real terms.
However, due to the progress of economic recovery mainly in the United States and China, the forecast has been revised upward by 1.5 points from the previous June forecast.
In addition, the growth rate for next year is set at + 5%, but if the spread of the new virus gains momentum again or economic activity is severely restricted, it may fall by 2 to 3 points. I will.
On the other hand, the growth rate of each country is forecast to be minus 5.8% for Japan and minus 3.8% for the United States, but for China it is expected to be plus 1.8%, which is the only positive growth among major countries.
The OECD acknowledged that the economy has recovered rapidly due to the measures taken by each country, but the momentum has slowed since the summer, and said, "Without the continuous support of the government, corporate bankruptcies and unemployment will surge. It will have a negative impact on people's lives for many years. ”He emphasizes the need for fiscal policy support in the future.
Forecast of economic growth rate by country
This is a forecast of economic growth rate by country released by the OECD.
▽ Japan is minus 5.8%, next year is plus 1.5%,
▽ America is minus 3.8%, next year is plus 4%,
▽ China is plus 1.8%, next year is plus 8%,
▽ Germany In the euro area such as France and France, this year is minus 7.9%, next year is plus 5.1%,
▽ United Kingdom is minus 10.1%, next year is plus 7.6%,
▽ India is minus 10.2%, next year is plus 10.7% ,
▽ Brazil is minus 6.5%, next year is plus 3.6%,
▽ Korea is minus 1%, next year is plus 3.1%, etc.