As for the economic policies of the new U.S. administration, optimistic expectations have receded somewhat, but the majority view still appears to be that expansionary fiscal policies will be implemented, albeit at a later date than previously expected.
In this situation, the U.S. economy is expected to continue to see firm growth for the time being, driven mainly by domestic demand, and lead the recovery of the global economy. The European economy has continued to grow moderately, driven mainly by the household sector.