Most Economists See Virus Pushing Japan Into Recession: Survey

Japan is falling into recession as the coronavirus pummels an economy already weakened by a sales tax hike, according to a Bloomberg survey.

Nine out of 14 polled economists see the economy shrinking again in the three months to the end of March, following the sharpest contraction in more than five years last quarter. The median forecast of analysts shows gross domestic product declining at an annualized pace of 0.25% this quarter.