TOKYO -- The Japanese economy will contract more than 11% in the April-June quarter as the coronavirus crisis intensifies, according to the latest consensus forecast of private-sector economists.
The outlook for the world's third-largest economy worsens by the week. Economists had predicted real gross domestic product to grow an annualized 2.31% for the second quarter in a March 3-10 survey by the Japan Center for Economic Research. They cut the forecast to minus 6.93% in a poll taken between March 27 and April 3.
