Japan's real GDP is expected to remain unchanged this year amid tough expectations of stagnant consumption, weak external demand, and lower investment.
QNB's report was based on the prevailing expectations of a positive outlook for Japan's economic outlook at the end of last year, which was a remarkable indication of Japan's confidence given the less positive external context of the global economic slowdown that has become a drag on the country, which is the world's third-largest economy after the United States and China. Bloomberg forecasts showed that the Japanese economy will achieve a real growth rate of 0.95% by 2024, which is significantly higher encouraged by the annual average of 0.75% since 2000. However, this initial optimism began to deteriorate as sentiment changed from the earthquake in Japan and the subsequent signs of declining economic activity in key indicators.
