Significant improvement in GDP growth rate is uncertain due to spread of infection Concerns about rapid slowdown November 17, 7:05
GDP = gross domestic product from July to September, announced on the 16th, has improved significantly, with an annualized growth rate of + 21.4%.
However, with the spread of the new coronavirus infection, uncertainty about the future has increased, and there are concerns that GDP growth will slow down rapidly in the future, so the Japanese economy will enter an important phase from now on.
The GDP from July to September, announced on the 16th, showed a real growth rate of 21.4% on an annualized basis, excluding price fluctuations, the largest increase since 1980, which is comparable. It was.
However, the Japanese economy is still in a difficult situation.
The Cabinet Office made a strict estimate in July that the growth rate of GDP this year will be about minus 4.5% in real terms, but even based on this result, the annual rate will be quarterly for the remaining six months. Unless it continues to grow at a high rate of plus 8.3%, it will not even reach this level.
In addition, there is growing concern among private research firms that GDP growth could slow rapidly in the future as infections of the new corona spread rapidly again at home and abroad and uncertainty about the future increases.
For this reason, the Japanese economy will be in an important phase from now on, whether it is possible to accelerate the structural transformation of the economy and society and return to the growth trajectory at an early stage while suppressing the spread of infection by taking the opportunity of additional economic measures that the government plans to summarize next month. Will be welcomed.