From a medium- to long-term perspective, the potential growth rate is expected to fall relatively sharply, reflecting the demographic situation, with not enough room for a rise; but from a short-term perspective, at least, the economy will generally follow a stable growth path, albeit with downside risks (Chart 4).
To sum up, the world economy has been led by the United States, which has been on a relatively steady recovery trend, while the risks of a slowdown are being observed in Europe and emerging economies.