Japan's GDP projected to shrink annualized 11% in April-June

Japan's economy in the April-June period is projected to shrink an annualized real 11.08 percent from the previous quarter, marking the third consecutive quarter of contraction and the largest drop in over 11 years due to the coronavirus pandemic, according to a survey released Thursday of economists at private institutions.The economists at 24 private institutions predict an average on-quarter contraction of 2.93 percent in the country's gross domestic product on a seasonally adjusted basis in the period, according to the Japan Center for Economic Research that conducted the survey from Ap…READ FULL ARTICLE