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MNI BRIEF: IMF Cuts Japan 2022 GDP Growth View To 1.7% Vs 2.4%

(MNI) Tokyo
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The International Monetary Fund on Tuesday lowered its forecast for Japan’s gross domestic product this year to +1.7% from +2.4% made in April and also lowered its 2023 growth forecast to +1.7% from +2.3%.

“In the baseline scenario, global growth is 3.2% in 2022 and moderates to 2.9% in 2023, lower than projected in the April 2022 World Economic Outlook by 0.4 and 0.7 percentage point, respectively," the IMF said, (See: MNI: IMF Sees 'Prominent' Global Recession Risk Next Year).

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The International Monetary Fund on Tuesday lowered its forecast for Japan’s gross domestic product this year to +1.7% from +2.4% made in April and also lowered its 2023 growth forecast to +1.7% from +2.3%.

“In the baseline scenario, global growth is 3.2% in 2022 and moderates to 2.9% in 2023, lower than projected in the April 2022 World Economic Outlook by 0.4 and 0.7 percentage point, respectively," the IMF said, (See: MNI: IMF Sees 'Prominent' Global Recession Risk Next Year).