To sum up, the world economy has been led by the United States, which has been on a relatively steady recovery trend, while the risks of a slowdown are being observed in Europe and emerging economies.
However, as the interaction among economies worldwide strengthens, there is a high possibility that the currently steady U.S. economy will be affected by the slowdown in the European and emerging economies (Chart 5). In some other parts of the world, geopolitical risks have been mounting recently, and a spread of the virus infection in West Africa is considered as a new risk factor. B.