Japan’s economic growth forecast for the 1997 calendar year has been revised downward to 1.1 percent from April estimates of 2.2 percent, the International Monetary Fund said Sept. 17.
In its semiannual World Economic Outlook report, the IMF also projected 2.1 percent growth for calendar 1998, lower than its April figure of 2.9 percent. At the same time, the nation’s current account surplus was expected to make up 2.3 percent of gross domestic product in 1997 — 0.5 percent greater than April estimates.
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