March 15, 2011 5:58 AM EDT
The following is a summary of analysts' assessments of the likely economic impact of the devastating earthquake and tsunami that struck the northeast coast of Japan.
Most were published before Japan warned on Tuesday that radioactive levels had become significantly higher around a quake-hit nuclear plant.
CITIGROUP
Economic impact:
* 5-10 trillion yen (up to $122 billion) in damage to
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housing and infrastructure
* Growth to be slower than previously forecast in H1, but
faster in H2 because of reconstruction
* 2011 GDP growth forecast: 1.7 pct (unchanged)
* 2012 GDP growth forecast: 2.3 pct (up from 1.9 pct)
Comment:
"It may be too early to discuss how much damage was done to housing and infrastructure, but we suspect it could match that of the Great Hanshin Earthquake in 1995.
"Some of the damage will likely generate reconstruction demand and bolster activity in the coming months as actual restoration begins."
UBS
Economic impact:
* 2011 GDP growth forecast: 1.4 pct (down from 1.5 pct)
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