The government plans to project that real economic growth will be around 0.5 percent for fiscal 2010, a turnaround from a contraction of 3.3 percent projected for this fiscal year, government sources said Monday.
Government economists are expecting the first expansion of gross domestic product, adjusted for changes in prices, in three years as the global economic slowdown bottoms out, they said.
The growth projection will be released Wednesday as a base for mapping out a ceiling on budget requests for fiscal 2010.
Government economists are also discussing projecting that the economy will shrink by about 0.1 percent in nominal terms for fiscal 2010 for the third consecutive year of contraction, the sources said.
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