Regarding the Japanese economy, where the impact of the new corona will be prolonged, the government expects a recovery centered on personal consumption in the future, and expects that the level of GDP = gross domestic product will return to before corona within the fiscal year.
The focus will be on controlling the spread of the mutant virus Omicron strain and putting the economy on a strong growth trajectory.
Regarding the outlook for the Japanese economy, the Japan Center for Economic Research, a public interest incorporated association, summarized the forecasts of 36 private economists. The 3rd year was + 2.72%, and the new year from April was + 3.03%.
The main factor is that personal consumption, which accounts for more than half of GDP, is expected to increase, partly due to the so-called "revenge consumption" that has been suppressed so far.
Against this background, the government expects GDP levels to return to before Corona by the end of the year, and the economy is expected to recover steadily, partly due to the effects of new economic measures. is.
With concerns about the mutant virus Omicron strain, the focus will be on controlling the spread of the infection and putting the economy on a strong growth trajectory.