Business fixed investment is expected to be supported by the improvement in corporate profits to date, but is unlikely to recover clearly for the time being due mainly to substantial uncertainty regarding overseas economies.
Moreover, the relevant regulators here and around the world know what needs to be done over the next five months, and are communicating with the business leaders managing the world’s financial institutions. The progress we see in the global financial sector and the evidence from successful cross-border and domestic tests are also positive signs.