The government on Saturday afternoon approved at a Cabinet meeting its economic outlook for fiscal 2014, which forecasts nominal gross domestic product at ¥500.4 trillion.
Personal consumption and corporate capital investment will increase thanks to the fiscal 2014 budget, according to the government.Meanwhile, the unemployment rate is expected to improve to 3.7 percent next fiscal year from 3.9 percent in the outlook for this fiscal year.
The economic growth rate is forecast at 1.4 percent in inflation-adjusted real terms, while the nominal growth rate, considered a close indicator of actual consumer sentiment, is set at 3.3 percent.
Source: Yomiuri
The economic growth rate is forecast at 1.4 percent in inflation-adjusted real terms, while the nominal growth rate, considered a close indicator of actual consumer sentiment, is set at 3.3 percent.
Source: Yomiuri
