The Bank likewise expects that the overall global economy will moderately increase its growth rate, as advanced economies will continue to enjoy a recovery and the positive effects will gradually spread to emerging economies. Taking a closer look at developments by region, the U.S. economy has continued to see solid recovery, led mainly by private demand.
According to U.S. employment statistics for February 2015, the number of employees has been increasing by more than 200 thousand people on a seasonally adjusted month-on-month basis for eleven consecutive months, and the unemployment rate has been hovering at a low level. In this situation, consumer sentiment has been on an improving trend.