Reflecting the effects of the economic measures decided on the 8th, the government has begun to adjust the outlook for the economic growth rate for the next fiscal year in the direction of upward revision from the plus 3.4% shown in July.
On the 8th, the government announced a new economy with a total business scale of about 73.6 trillion yen, centered on three pillars: measures to prevent infection with the new coronavirus, transformation of the economic structure toward post-corona, and strengthening of the national land. We have decided on countermeasures.
According to the Cabinet Office, this economic measure is likely to increase public investment and personal consumption, and is expected to have the effect of boosting real GDP excluding price fluctuations by about 3.6%.
Based on this, the government has begun to adjust the outlook for the economic growth rate for the next fiscal year, which is a prerequisite for formulating the budget for the next fiscal year, in the direction of upward revision from the real plus of 3.4% shown in July. It was.
The government is aiming to approve the outlook for economic growth at a cabinet meeting in the middle of this month, and will consider the status of infection with the new coronavirus, which is expanding again.