WASHINGTON/DAVOS, SWITZERLAND – The International Monetary Fund is forecasting that Japan’s economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike.
The Washington-based institution also said global growth appears to have bottomed out, but there is no rebound in sight and risks ranging from trade tensions to climate shocks make the outlook uncertain.
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