URGENT: IMF raises Japan's economic growth forecast to 2.9% in 2012+
Breitbart Wednesday 8th June, 2011
TOKYO, June 8 (AP) - (Kyodo)-;The International Monetary Fund on Wednesday raised its forecast of economic growth in Japan for 2012 to 2.9 percent from an earlier projected 2.1 percent, expecting a recovery from the March earthquake and tsunami. The IMF also downgraded the forecast for 2011 to minus 0.7 percent in terms of real gross domestic product. The Washington-based lender said in April that Japanese GDP would expand 1.4 percent in the current year.
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