Goldman Sachs latest forecasts for GDP and CPI have some good news and bad news for Japan
GDP forecasts:
– 2016 0.5% (annual average)
– 2017 0.7%
CPI
– 2016 0.1%
The bank expects GDP to barely crawl along this year and next, but in what-would-be- welcome-if-it-happened forecasts, CPI is expe cted to increase to 1.2% Still not near the BOJ’s 2% target, but its something.