January Estimate: Growth and Percent

january estimate: But bolstered by monetary and fiscal measures, U.S. growth was unchanged from the January estimate at 2.5 percent, and China's growth rate was flat at 6.2 percent, according to The Japan Times. According to the report, Japan's economic activity remains lackluster, with trade particularly exports to China especially weak. In its semiannual Global Economic Prospects report, the Washington-based institution estimated global growth at 2.6 percent, down 0.3 percentage point from its estimate in January, and Japan's growth at 0.8 percent, down 0.1 point. ; Growth in East Asia and the Pacific is projected to slow to 5.9 percent in 2019 from 6.3 percent the previous year, making it the first time since the 1997-1998 Asian financial crisis that growth in the region has dropped below 6 percent. Referring to a planned increase in the consumption tax from 8 percent to 10 percent, the report said a value-added tax hike in October is likely to dampen activity further. The bank estimated the global economy will expand 2.7 percent in 2020, down 0.1 point amid rising downside risks, including the impact of the U.S.-China trade war as well as a U.S. plan to slap new levies on Mexican imports beginning next Monday. Nonetheless, unemployment is low, labor force participation continues to climb, and the services sector remains relatively healthy, it said, as it forecast 0.7 percent growth for Japan in 2020, unchanged from the January projection. (news.financializer.com). As reported in the news.