IMF revises up Japan 2017 growth projection to 1.3 %
July 24, 2017
WASHINGTON- The International Monetary Fund said Sunday that it projects 1.3 percent growth of the Japanese economy in 2017, up 0.1 percentage point from its previous forecast released in April.
"Private consumption, investment, and exports supported first-quarter growth" in Japan, the IMF said in its latest World Economic Outlook report.
But the IMF set its 2018 growth projection for the Japanese economy at 0.6 percent, the slowest among advanced economies. (Jiji Press)
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