Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 23/05/2022 21:33 
27.11.2021 14:57 News >> Japan's Economic Activity To Reach Pre-Pandemic Level In 2022: Moody's

Japan's Economic Activity To Reach Pre-Pandemic Level In 2022: Moody's

Rating agency expects gradual narrowing of deficit, recovery in revenue.

Japan's economic activity is expected to reach its pre-pandemic level next year, according to global rating agency Moody's.
"Moody's expects Japan's real GDP growth to accelerate over the next few quarters," the agency said in a statement late Friday. "The recovery will be further aided by ongoing fiscal and monetary support, as well as the continued healthy demand for Japan's merchandise exports."
The rating agency said it expects Japan's GDP growth to stabilize at just below 1% in the medium term, noting that it contracted 4.6% in 2020 due to the coronavirus pandemic.
Due to the large fiscal response to the pandemic, the agency forecasts Japan's government debt to approach 230% of its GDP for the fiscal year ending in March 2021, from around 200% the previous fiscal year.
"Moody's expects a gradual narrowing of the deficit, largely based on a tapering of pandemic-related spending and recovery in revenue with economic activity," it said.
Noting that participation rates for both female and senior workers have almost fully recovered to the historic peaks reached in 2019, the agency said unemployment has remained low through the pandemic shock.
Moody's also affirmed Japan's credit rating at 'A1' and maintained its stable outlook. -



        Latest News
Turkish President Writes Off Greek Premier Over His Remarks In US 9 minutes ago...
Ankara cancels Strategic Council Meeting with Athens due to Greek Premier Mitsotakis' remarks, says Turkish President Erdogan.
Turkiye Urges Sweden To Give 'Concrete Assurances' For Its NATO Bid -6 minutes ago...
Ankara stipulates conditions such as ending political, financial, arms support to PKK/PYD, lifting of arms embargoes, sanctions imposed against Turkiye.
US Says 20 Nations Pledging New Arms Shipments For Ukraine -6 minutes ago...
Aid includes artillery ammunition, coastal defense systems, tanks, armored vehicles, Defense Secretary Lloyd Austin says.
EU Leaders Set To Approve Credit To Support Ukraine 24 minutes ago...
EU foreign ministers meet to prepare for next week's summit of heads of state, governments.
Turkish Health Minister, WHO Chief Meet In Geneva 24 minutes ago...
Fahrettin Koca tells Tedros Adhanom Ghebreyesus that Turkiye especially focuses on Africa's access to COVID 19 vaccines.

 
      Top News
Biden Approval Rating Dips To 43% In New Poll Biden Approval Rating Dips To 43% In New Poll
Hundreds Evacuated After Fresh Floods Hit Eastern South Africa Hundreds Evacuated After Fresh Floods Hit Eastern South Africa
Turkish Athletes Cap Unforgettable Week, Dominating Competitions Turkish Athletes Cap Unforgettable Week, Dominating Competitions
President Erdogan Says Turkiye To Put Into Service 6 New Submarines By 2027 President Erdogan Says Turkiye To Put Into Service 6 New Submarines By 2027
Senior Aide To Israeli Prime Minister Resigns Senior Aide To Israeli Prime Minister Resigns
Somalia's New President Takes Charge Of Office Somalia's New President Takes Charge Of Office
Scores Of Israeli Settlers Storm Al-Aqsa Complex In Jerusalem Scores Of Israeli Settlers Storm Al-Aqsa Complex In Jerusalem
Turkiye-Africa Relations After The 3Rd Turkiye-Africa Summit Turkiye-Africa Relations After The 3Rd Turkiye-Africa Summit
Turkish Cuisine Promoted In France As Part Of Turkish Cuisine Week Turkish Cuisine Promoted In France As Part Of Turkish Cuisine Week
Spain Confirms 31 Monkeypox Cases, Rest Under Investigation Spain Confirms 31 Monkeypox Cases, Rest Under Investigation