Although export growth has recently decelerated and there are causes for concern, such as weakness in indicators of private consumption and volatility in financial markets, activity in the corporate sector, particularly business fixed investment, remains strong and it is likely that economic growth will continue.
As for other regions, growth continues to be robust, especially in China, India, and Russia, while the NIEs and ASEAN economies are also maintaining a moderate pace of expansion overall. Thus, the world economy taken as a whole is continuing to expand.