Outlook for Overseas Economies Concerns remain that overseas economies may decelerate even further due to the impact of the intensified and prolonged U.S.-China trade conflict. However, there are potential upside risks as well.
For example, economic measures implemented so far may show a greater influence in the first half of 2020 than initially anticipated, and the reorganization of supply chains in response to the trade conflict may accelerate. As I have already mentioned, the current slowdown in global economic growth has been mainly induced by the significant slowdown in world trade volume.