12  Economic Activity, Prices, and Monetary Policy in Japan Speech at a Meeting with Business Leaders in Hakodate September 4, 2019  Goushi Kataoka Member of the Policy Board of the Bank of Japan  Chart 1  World Economic Outlook by the IMF  Advanced Economies  July 2019 forecasts (y/y % chg.)  World Japan United States Euro Area Germany France  Emerging Economies  United Kingdom  China Brazil India Russia  Difference from April 2018 forecasts (% pts.)
2018  2019  2020  2018  2019  2020  3.6 0.8 2.9 1.9 1.4 1.7 1.4 6.6 1.1 6.8 2.3  3.2 0.9 2.6 1.3 0.7 1.3 1.3 6.2 0.8 7.0 1.2  3.5 0.4 1.9 1.6 1.7 1.4 1.4 6.0 2.4 7.2 1.9  -0.3 -0.4 0.0 -0.5 -1.1 -0.4 -0.2 0.0 -1.2 -0.6 0.6  -0.7 0.0 -0.1 -0.7 -1.3 -0.7 -0.2 -0.2 -1.7 -0.8 -0.3  -0.3 0.1 0.0 -0.1 0.2 -0.4 -0.1 -0.3 0.2 -0.7 0.4  Note: For India, figures are presented on a fiscal year basis.