Japan GDP to contract by 25% in Q2, worst on record – Goldman Sachs

The Goldman Sachs Analysts express their take on the state of emergency declared in Japan and its implications on economic growth.
Key quotes
Annualized Q2 GDP to be down 25% QoQ.
Consumer spending to also fall 25%.
Exports to drop 60% in Q2.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















