Based on the effects of new economic measures, the government will consider raising the economic growth rate for the next fiscal year from the previous outlook, which is about + 2.2% in real terms.
The government has decided on new economic measures for living and business support and economic revitalization, which are in a difficult situation due to the influence of the new coronavirus, and the total amount of the general account will reach a record high of 35.9 trillion yen this year. We have organized a supplementary budget for.
Regarding the effect of this economic measure, the government estimates that it will have the effect of boosting GDP = gross domestic product by about 5.6% in real terms, excluding price fluctuations, mainly this year and next year.
Based on this, the government has decided to consider raising the economic growth rate for the next fiscal year from the outlook as of July by setting it at about + 2.2% in real terms.
On the other hand, private economists have said that the effect of boosting GDP will be about 1% to 2% only next year, and attention is being paid to how much the government will raise the outlook for economic growth rate. ..
The government plans to finalize its economic growth outlook by the end of this month, and will also focus on revising the prospects that GDP will recover to pre-Corona levels during this time.