According to data from the Purchasing Managers' Index (PMI), which show business sentiment, the indices have been above 50 -- the borderline between improvement and deterioration in business conditions as perceived by firms (Chart 3).
In addition, the World Economic Outlook released in October by the International  1  Monetary Fund (IMF) shows that growth projections for 2020 have been revised upward for many countries and regions (Chart 4).