report: Rising corporate profits should help strengthen business investment through 2018, the OECD added, according to The Japan Times. In the report, the U.S. economic growth forecast was kept unchanged at 2.1 percent for 2017 and 2.4 percent for 2018. The OECD's latest Interim Economic Outlook report also said Japan's real gross domestic product is seen rising 1.6 percent in 2017, up 0.2 point from the June report. ; In Japan, growth increased in the first half of the year, supported by an upturn in public investment and stronger export growth to Asian markets, the latest report said. Consumer spending and business investment are strong, while wage growth has yet to take off, it said. The world economy is seen growing 3.7 percent in 2018, up 0.1 point from the previous projection, after a 3.5 percent increase in the previous year, unchanged, the OECD said. The OECD puts Britain's projected economic growth for 2018 at 1.0 percent, down 0.6 point from the previous year, due to uncertainties over its planned exit from the European Union.
(news.financializer.com). As
reported in the news.
Tagged under report, june report topics.