13  Economic Activity, Prices, and Monetary Policy in Japan Speech at a Meeting with Local Leaders in Kochi (via webcast)  February 10, 2021 NAKAMURA Toyoaki Bank of Japan  Chart 1  IMF World Economic Outlook (as of January 2021) 120 (Real GDP index, 2019/Q4 = 100) 115 110 105 100 95 Advanced economies 90 China 85  Emerging market and developing economies excluding China  80 2019/Q4 Source: IMF.
And if we keep the patient on medicine for too long, withdrawal symptoms will increase. On the other hand, if we retract policy support too quickly, there is a good chance that the patient will stumble and fall, putting a healthy recovery back for many months.