00:00Nomura Global Markets Research predicts the floating economy will grow by 6% in 2025,
00:06up from 5.6% this year, mainly due to increased government investment in infrastructure.
00:12This push will be supported by the 2025 elections and lower borrowing costs.
00:18Lower inflation and wage growth are expected to boost the household spending as well.
00:22Nomura also forecasts the central bank will cut interest rates.
00:27Nomura also forecasts central bank will cut interest rates further and lower banks' reserve
00:31requirements by mid-2025.
