Global economic uncertainty caused by the economic slowdown in China and emerging markets and the United Kingdom’s withdrawal from the EU
First written in FY2017-Q1. 12 of 34 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026.
Mitsui Chemicals moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 36 of 43 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Risks to energy supply and international logistics resulting from the destabilization of the situation in the Middle East against a backdrop of military conflict between the United States and Iran persist, raising concerns over uncertainty ahead.」
In addition to existing U.S. trade policy and declining demand, the destabilization of the situation in the Middle East was cited as a new source of uncertainty for energy supply, international logistics and raw material procurement. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, the global economy continued to show gradual signs of recovery, although some countries and regions showed signs of slowing recovery against a backdrop of declining demand, U.S. trade policy and other factors. In Japan, signs of economic recovery continued on the back of improvements in employment and the income environment, although uncertainty resulting from the impact of U.S. trade policy was evident.」
While the economic recovery continued gradually, declining demand in some regions, U.S. trade policy, and the resulting slowing recovery and uncertainty were identified. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, the global economy continued to show signs of recovery, although some countries and regions showed signs of slowing recovery against a backdrop of weak demand, monetary tightening and other factors.」
While the economic recovery continued, slowing recovery in some regions against a backdrop of weak demand and monetary tightening continued to be cited as a factor requiring attention in the business environment. - FY2024-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the global economy saw continued signs of recovery, particularly in service industries such as food service and lodging. In manufacturing, however, recovery following the COVID-19 pandemic showed signs of slowing against a backdrop of weak global demand, monetary tightening and other factors. In Japan, signs of economic recovery continued, although concerns remain over an economic downturn resulting from rising prices, slowing overseas demand and other factors.」
While the economic recovery continued, concerns were identified over an economic downturn resulting from weak global demand in manufacturing, monetary tightening, rising prices and slowing overseas demand. - FY2024-Q1WorsenedAnnual report
「During the first three months of the fiscal year, the global economy saw continued signs of recovery, particularly in service industries such as food service and lodging. In manufacturing, however, recovery following the COVID-19 pandemic showed signs of slowing against a backdrop of weak global demand, monetary tightening and other factors. In Japan, economic activity continued to normalize and signs of economic recovery persisted, although concerns remain over an economic downturn resulting from rising prices, slowing overseas demand and other factors.」
While the economic recovery continued, concerns were identified over an economic downturn resulting from weak global demand in manufacturing, monetary tightening, rising prices and slowing overseas demand. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the business environment saw continued signs of economic recovery as economic and social activity normalized with the easing of the impact of COVID-19. However, concerns remain over an economic downturn caused by surging fuel and raw material prices, particularly in Europe, due to the situation in Ukraine and other factors, as well as the impact of a rapid increase in infections following China's shift away from its zero-COVID policy.」
While normalization of economic and social activity and the economic recovery continued, surging fuel and raw material prices in Europe and the rapid increase in infections following China's shift away from its zero-COVID policy were identified as new sources of concern. - FY2023-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the business environment saw continued signs of economic recovery as economic and social activity normalized with the easing of the impact of COVID-19. However, concerns remain over an economic downturn caused by surging fuel and raw material prices, particularly in Europe, due to the situation in Ukraine and other factors, as well as the impact of restrictions on economic activity in China. In Japan, economic and social activity also continued to normalize and signs of economic recovery persisted, although concerns remain over an economic downturn resulting from higher fuel and raw material prices, the yen's depreciation and other factors.」
While normalization of economic and social activity and an economic recovery were evident, concerns were identified over an economic downturn resulting from the situation in Ukraine, surging fuel and raw material prices in Europe, restrictions on activity in China, higher fuel and raw material prices, and the yen's depreciation. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, the economic recovery trend continued as economic and social activity normalized following the easing of the impact of COVID-19, but uncertainty due to the situation in Ukraine and elsewhere continued, and the effects of restrictions on economic activity in China also remained. In Japan, economic and social activity continued to normalize and the economic recovery trend continued, but concerns grew over a downside to the economy due to rising raw material prices, yen depreciation and other factors.」
While the economic recovery continued, the Ukraine situation, restrictions on economic activity in China, rising raw material prices and the yen's depreciation were identified as new sources of uncertainty in the business environment that could weigh on the economy. - FY2022WorsenedAnnual report
「The global economy in fiscal 2022 is expected to continue showing signs of recovery as the impact of COVID-19 is reduced by the spread of vaccines and other factors and economic activity normalizes, although the effects of the Ukraine crisis may persist for an extended period.」
While indicating expectations for an economic recovery, added the prolonged Ukraine crisis, soaring crude oil prices, yen depreciation and activity restrictions resulting from a resurgence of infections as new uncertainty factors. - FY2022-Q3Economic recovery continues, but crude oil prices, reduced automobile production and the Omicron variant require attentionAnnual report
「During the cumulative third quarter, although the global COVID-19 pandemic continued, the economic recovery trend also continued due to the spread of vaccines and other factors. In Japan, although the impact of COVID-19 continued, the economic recovery trend centered on manufacturing continued. Meanwhile, conditions requiring attention emerged, including soaring crude oil prices, moves to reduce automobile production and, most recently, the spread of infections caused by the Omicron variant of COVID-19.」
While the economic recovery supported by the spread of vaccines and other factors continued, identified the spread of infections caused by the Omicron variant as a factor requiring attention in addition to the existing concerns over soaring crude oil prices and reduced automobile production. - FY2022-Q2Economic recovery continues, but crude oil prices and reduced automobile production require attentionAnnual report
「During the cumulative second quarter, although the global COVID-19 pandemic continued, the economic recovery trend associated with the spread of vaccines, particularly in developed countries, also continued. In Japan, although the impact of COVID-19 continued, the economic recovery trend centered on manufacturing continued as vaccination progressed significantly. Meanwhile, conditions requiring attention emerged, including soaring crude oil prices and moves to reduce automobile production.」
While the global and Japanese economies continued to recover amid the spread of vaccines, soaring crude oil prices and moves to reduce automobile production were identified as new factors requiring attention. - FY2022-Q1Economic recovery trend amid the spread of vaccinesAnnual report
「During the cumulative first quarter, although the global COVID-19 pandemic continued, signs of an economic recovery emerged as vaccines became more widely available, particularly in developed countries, and the recovery trend continued. In Japan, although the impact of COVID-19 also continued, signs of an economic recovery emerged, particularly in manufacturing.」
Stated that the business environment was on a recovery trend as the spread of vaccines and an economic recovery centered on manufacturing continued, despite the ongoing global pandemic. - FY2021Expectations for an economic recovery coexist with concerns about a resurgence of infectionsAnnual report
「The global COVID-19 pandemic is expected to continue affecting the global economy in fiscal 2021. Although economic measures and the spread of vaccines are expected to support a continued economic recovery, there is a risk of a resurgence in infections.」
While indicating expectations for an economic recovery driven by the spread of vaccines and other factors, continued to indicate the possibility of a resurgence in infections and activity restrictions. - FY2021-Q3Economic activity has resumed, but concerns about a resurgence of infections and continued uncertainty remainAnnual report
「During the cumulative third quarter, the global economy remained in a difficult situation due to the impact of the global COVID-19 pandemic. Although economic activity gradually resumed and signs of an economic recovery emerged, renewed spread of infections led to activity restrictions being reintroduced in some countries and regions. Japan was also in a difficult situation due to the pandemic, but economic activity gradually resumed under various government policies, and signs of an economic recovery are emerging.」
While describing the gradual resumption of economic activity and signs of an economic recovery, continued activity restrictions due to the resurgence of infections and difficult business conditions. - FY2021-Q2Economic activity has resumed, but concerns about a resurgence of infections and continued uncertainty remainAnnual report
「During the cumulative second quarter, the global economy remained in a difficult situation due to the impact of the global COVID-19 pandemic, but economic activity gradually resumed and signs of an economic recovery emerged. Japan was also in a difficult situation due to the pandemic, but economic activity gradually resumed while measures were taken to prevent the spread of infections, and signs of an economic recovery emerged. Meanwhile, the possibility of a resurgence in infections means that uncertainty about the outlook continues.」
While describing the gradual resumption of economic activity and signs of an economic recovery, continued concerns about a resurgence in infections and uncertainty about the outlook. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, economic activity stagnated due to the global COVID-19 pandemic and extremely difficult business conditions continued, although economic activity gradually resumed. Japan also remained in an extremely difficult situation due to the impact of the COVID-19 pandemic. Economic activity gradually resumed after the government lifted the state of emergency, but uncertainty about the outlook continues, including due to a renewed upward trend in the number of infections.」
Described the continuation of stagnant economic activity and extremely difficult business conditions due to the global pandemic, as well as the increase in infections and uncertainty about the outlook after economic activity resumed. - FY2020WorsenedAnnual report
「The global economy in fiscal 2020 is expected to contract sharply as economic activity is significantly reduced by the global COVID-19 pandemic. Some countries and regions may experience growth rates substantially below those seen during the global financial crisis.」
In addition to the existing US-China trade issues, the slowdown in China and geopolitical risks, the global COVID-19 pandemic substantially increased uncertainty in the global economy and concerns about downside risks. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States, US trade policy, the slowdown in China and geopolitical risks. In Japan, a moderate recovery trend generally continued due to improvements in employment and income conditions, but uncertainty and stagnation in the outlook increased due to the impact of developments overseas and other factors.」
While attention continued to focus on US trade policy, the slowdown in China and geopolitical risks, also described increasing uncertainty and stagnation in Japan's outlook due to the impact of developments overseas. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States, US trade policy, the slowdown in China and geopolitical risks.」
Continues to identify fluctuations in the global economy resulting from US trade policy, the slowdown in China and geopolitical risks as matters requiring attention. - FY2020-Q1ReframedAnnual report
「During the cumulative first quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States, US trade policy, the slowdown in China and geopolitical risks.」
Regarding global economic uncertainty, identified US trade policy, the continuing slowdown in China and geopolitical risks as the main factors requiring attention during the quarter. - FY2019ReframedAnnual report
「The global economy in fiscal 2019 is expected to see slower overall growth due to the fading effects of various US policies and stagnation in the Chinese economy. In addition, global economic uncertainty is increasing due to developments in US-China trade relations and the impact of the UK's withdrawal from the EU.」
Regarding the business environment in fiscal 2019, identified US-China trade relations, stagnation in the Chinese economy, fading US policy effects and the UK's EU withdrawal as the main uncertainty factors. - FY2019-Q3ReframedAnnual report
「During the cumulative third quarter, the business environment remained one that required attention to fluctuations in the global economy, including US trade policy, geopolitical risks and fluctuations in crude oil prices, despite the continued economic recovery in the United States. In Japan, although the effects of a succession of natural disasters on the economy required attention, a moderate recovery trend continued as employment and income conditions improved and corporate earnings remained solid.」
Identified fluctuations in crude oil prices, in addition to US trade policy and geopolitical risks, as factors requiring attention in the global economy. For Japan, also referred to the effects of a succession of natural disasters. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States, US trade policy and geopolitical risks.」
Continues to identify fluctuations resulting from US trade policy and geopolitical risks as matters requiring attention regarding the global economy. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States, US trade policy and geopolitical risks.」
Continues to identify fluctuations resulting from US trade policy and geopolitical risks as matters requiring attention regarding the global economy. - FY2018ReframedAnnual report
「The global economy in fiscal 2018 is expected to continue growing moderately overall, supported by tax reform and solid personal consumption in the United States and economic recovery in emerging markets. Nevertheless, conditions requiring attention to fluctuations in the global economy, including US monetary and trade policies and geopolitical risks, are expected to continue.」
Identified US monetary and trade policies and geopolitical risks as the main factors requiring attention regarding global economic uncertainty in fiscal 2018. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States and Europe, policy trends in major countries and geopolitical risks.」
Continues to identify policy trends in major countries and geopolitical risks as matters requiring attention regarding global economic uncertainty. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States and Europe, policy trends in major countries and geopolitical risks.」
Continues to identify policy trends in major countries and geopolitical risks as matters requiring attention regarding global economic uncertainty. - FY2018-Q1ReframedAnnual report
「During the cumulative first quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States and Europe, policy trends in major countries and geopolitical risks.」
Regarding global economic uncertainty, reorganized the description to include policy trends in major countries and geopolitical risks, rather than the previous references to the Chinese economy and the UK's EU withdrawal. - FY2017ReframedAnnual report
「Nevertheless, conditions requiring attention to fluctuations in the global economy, including the policy stance of the US president, the impact of the UK's withdrawal from the EU and election trends in European countries, are expected to continue.」
Identified the US president's policies, the UK's withdrawal from the EU and election trends in European countries as factors contributing to global economic uncertainty. - FY2017-Q3ReframedAnnual report
「During the cumulative third quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States and Europe, the UK's EU withdrawal issue and the US presidential election.」
Regarding uncertainty and volatility in the global economy, identified the US presidential election as a new factor in addition to the UK's EU withdrawal issue. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, the business environment remained one that required attention to fluctuations in the global economy, including the continued economic recovery in the United States and Europe, the moderate slowdown in China and the UK's EU withdrawal issue.」
Continues to identify fluctuations in the global economy arising from the slowdown in China and the UK's EU withdrawal issue as matters requiring attention. - FY2017-Q1First statedAnnual report
「While the economic recovery in the United States continued, the economies of China and emerging markets slowed moderately. In addition, following the referendum on whether the United Kingdom should remain in or leave the EU, a majority voted to leave, increasing uncertainty in the global economy.」
For the first time, identified increased global economic uncertainty as a change in the business environment against the backdrop of an economic slowdown in China and emerging markets and the UK's decision to leave the EU.