However, when compared with the April 2018 WEO forecast, downward revisions are evident, as seen on the right-hand side in Chart 1. In addition, the global Purchasing Managers' Index (PMI), as shown in Chart 2, has declined to a level seen during the global economic destabilization in 2016 for both manufacturing and services, although they are still above the 50-point level.
Thus, the pace of overseas economic growth as a whole for 2019 seems to have weakened compared with that for 2018. Let me elaborate on current developments by major countries and regions.