In addition, risk factors to the overseas economic outlook are wide ranging, as exemplified by (1) developments in the U.S. economy and the influences of its monetary policy response to them on the global financial markets, (2) prospects regarding the European debt problem and developments in economic activity and prices in Europe, and (3) geopolitical risks such as those in the Middle East.
In quantitative terms, one percent rise in the real GDP growth tends to improve the profitability by 113 basis points.