Moreover, there are various risk factors with respect to the outlook for the global economy, such as developments regarding COVID-19, geopolitical factors, and climate change issues. Thus, accompanying downside risks continue to warrant particular attention.
2  Chart 2 125 120  World Economic Outlook (IMF)  2019/Q4=100 China (Jan. 2021 WEO Update) AEs (Jan. 2021 WEO Update) EMDEs (Jan. 2021 WEO Update)  China (Jan. 2020 WEO Update) AEs (Jan. 2020 WEO Update) EMDEs (Jan. 2020 WEO Update)  115  110 105 100 95 90  85 80  2019/Q4 20/Q1 2019/Q4  Q3  21/Q1  Q3  22/Q1  Q3  Note: WEO = World Economic Outlook; AEs = advanced economies; EMDEs = emerging market and developing economies excluding China.