Local News

Regional Growth Rise This FY Revised Downward to 0.6%

The Kyushu Economic Research Center released its revised forecast for the real growth rate in Kyushu and Okinawa Prefecture for FY 2008. The center’s new forecast calls for growth of 0.6% during the year, which represents a downward revision from their 1.6% projection issued last December. The center noted that despite a continued rise in exports, prices also rose, driven by more expensive oil, and wage growth is sluggish, dampening consumer spending. A growth rate of 0.6% would be the lowest for the region in six years.

Published: Sep 25, 2008 / Last Updated: Sep 25, 2008

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