The renewed rise in the current activity component of the Economy Watchers Survey shows that conditions remain strong for now. But the prospect of a slump in demand after the upcoming consumption tax is already weighing on the outlook. Meanwhile, although the current account did not reach a record deficit as we had feared, it remained in the red.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.