Regarding the growth rate of the Japanese economy next year (FY4 of Reiwa), the government has set the actual outlook of about + 2.2% excluding price fluctuations to the + 3% level, taking into account the effects of new economic measures. We are making final adjustments in the direction of raising the price to.
According to people familiar with the matter, the government plans to raise the outlook for next year's economic growth rate from the level shown in July.
Specifically, based on the effect that new economic measures with fiscal spending exceeding 55 trillion yen will boost personal consumption, etc., the outlook for the real increase of 2.2% excluding price fluctuations will be increased to the 3% level. The final adjustment is made with.
As a result, the scale of GDP = gross domestic product next year is expected to exceed 554 trillion yen in 2018, which was before the spread of the new coronavirus infection, and is expected to be the largest ever.
On the other hand, the growth rate for this fiscal year will be revised downward from the + 3.7% shown in July to the + 2% level because economic activity has declined due to the effects of the state of emergency due to the spread of infection. is.
The government will make further adjustments to the economic outlook and approve it at a cabinet meeting on the 23rd.