The Cabinet Office has revised down its outlook for this year's GDP = gross domestic product growth rate, saying that exports are expected to slow down due to the slowdown in overseas economies, and it will be +2.0 in real terms excluding price fluctuations. We have clarified a trial calculation of about%.
At the Council on Economic and Fiscal Policy on the 25th, the Cabinet Office presented a trial calculation of the growth rate of GDP this year.
According to this, the growth rate was set at about + 2.0% in real terms, and the forecast of + 3.2% in the Cabinet decision in January was lowered by 1.2 points.
Regarding the reason for the downward revision, the Cabinet Office expects a downturn in capital investment due to the slowdown of overseas economies due to Russia's military invasion, slowing export growth, and supply restrictions due to China's restrictions on going out. It is said.
As for the growth rate for the next fiscal year, we expect a positive growth of about 1.1% in real terms for the third consecutive year, assuming that personal consumption and capital investment will steadily increase.
With regard to the Japanese economy, soaring energy and food prices are expected to continue for the time being, and with the recent rapid spread of infection with the new corona, how to deal with these recent movements is also an issue.