文档介绍：Economic Outlook for FY2005 and FY2006
August 2005
The Mizuho Research Institute Ltd. (MHRI) announces its outlook on the economy for FY2005 and FY2006
subsequent to the release of The Preliminary Quarterly Estimates of GDP (“QE”) for the Apr-Jun quarter of
2005. The key points of the outlook are as follows.
* MHRI released its previous economic outlook on June 14, 2005.
<The Overseas Economies>
The US Economy Moderate expansion around its potential rate of economic growth
2005: (previous outlook) %
(current outlook) %
2006: (previous outlook) %
(current outlook) %
The Euro Zone Economy Structural adjustment pressures will linger and serve as a drag upon
the pace of economic growth
2005: (previous outlook) %
(current outlook) %
2006: (previous outlook) %
(current outlook) %
The Asian Economies Regional economic growth will pick up from mid-2005 as the
region emerges out of an inventory adjustment cycle
2005: (previous outlook) %
(current outlook) %
2006: (previous outlook) %
(current outlook) %
<The Japanese Economy>
FY2005 Moderate economic recovery driven by domestic private-sector demand
Real GDP: (previous outlook) %
(current outlook) %
Nominal GDP: (previous outlook) %
(current outlook) %
FY2006 Ongoing strength of domestic demand will lead to the end of deflation
Real GDP: (previous outlook) %
(current outlook) %
Nominal GDP: (previous outlook) %
(current outlook) %
This English-language translation is based upon the outlook in Japanese released on August 15, 2005. This publication is
compiled solely for the purpose of providing readers with information and is in no way meant to encourage readers to buy
or sell financial instruments.
I. Overview of the global economy
The global economy The global economy slowed slightly in the Apr-Jun quarter of 2005 (Chart 1).
slowed slightly in the D