In what follows, I would like to explain the background to this outlook and the issues that warrant attention going forward. A. Developments in Exports and Overseas Economies Overseas economies have continued to grow at a moderate pace, particularly in advanced economies such as the United States, but the pace of growth in emerging economies has decelerated somewhat.
In terms of the outlook, overseas economies are expected to see a gradual increase in their growth rates, as it is likely that advanced economies will continue  1  to realize steady growth and emerging economies will be positively influenced by the developments in advanced economies and emerging economies' policy effects (Chart 2).