Economic growth forecast for the current fiscal year – revised downward to around 4.5% Cabinet Office

Economic Growth Forecast for the Current Fiscal Year – Revised significantly to around 4.5% Cabinet Office July 30, 17:52

The Cabinet Office has made it clear that the growth rate of GDP and gross domestic product will fall to around minus 4.5 percent in real terms, excluding price fluctuations, for the year-end economic growth rate for the current year.
Due to the spread of the new coronavirus infection, private consumption and exports declined significantly, and the forecast for six months ago, which was around 1.4%, was significantly lowered.