Following last Friday’s earthquake and tsunami we are cutting our Japan GDP growth forecast for CY 2011 from 1.0% to zero. We were already expecting GDP to contract for a second successive quarter in the first three months of 2011 and now expect this recession to be extended at least until the middle of the year. The likely boost from reconstruction spending means that we are raising our CY 2012 forecast from 1.0% to 1.75%, but our figures for both years remain (well) below consensus.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services