Looking at the current situation of and outlook for overseas economies in more detail, overseas economies – in particular advanced economies such as the U.S. and European economies – are recovering, although economic performance remains lackluster in some emerging economies. As for the outlook, overseas economies are likely to continue to recover moderately.
The International Monetary Fund (IMF) expects global economic growth, which fell to 3.0 percent in 2013, to accelerate gradually to 3.6 percent in 2014 and 3.9 percent in 2015 (Chart 3). Looking at individual countries or regions, the U.S. economy registered negative GDP growth in the January–March quarter due mainly to the unusually severe winter weather.