It will probably take a long time before this problem can be cured.
Looking back at developments in the world economy during the recent period, the annualized growth rate of the U.S. economy, which is the driving force of the world economy, was a low 0.8 percent in the January-March quarter because of the sluggishness in industrial production accompanying the appreciation in the U.S. dollar and the decline in commodity prices and because of unfavorable weather conditions in the winter.