Uncertainty over the outlook for the global economy

「The global economy remains in an uncertain situation due to unstable international conditions, including the prolonged Ukraine crisis, worsening conditions in the Middle East and stagnation in the Chinese economy, as well as U.S. tariff policy.」

「今後のわが国や世界経済の先行き、当社グループを取り巻く経営環境については、ウクライナ危機の長期化や中東情勢など不安定な国際情勢に加え、エネルギー不足にもとづく世界的な物価高の影響で、より一層その不透明さが増していくものと予想されます。」

「During the current interim consolidated accounting period, the global economy showed differing degrees of recovery across regions. The United States maintained resilience, particularly in personal consumption, amid uncertainty surrounding US tariff policy and continuing geopolitical risks, while the pace of economic recovery remained slow in Europe and domestic demand slowed in China.」

「The global economy remained uncertain due to unstable international conditions, including the prolonged crisis in Ukraine, deteriorating conditions in the Middle East, and stagnation in the Chinese economy.」

「The global economy remained uncertain due to unstable international conditions, including inflation originating from the crisis in Ukraine and the impact of stalled economic activity caused by global monetary tightening.」

「The global economy remained uncertain due to unstable international conditions, including the prolonged crisis in Ukraine and the impact of stalled economic activity caused by global monetary tightening.」

「The global economy remained uncertain due to unstable international conditions, including the prolonged crisis in Ukraine and the impact of stalled economic activity caused by global monetary tightening.」

「The global economy remained uncertain due to unstable international conditions, including the prolonged crisis in Ukraine, monetary tightening in the United States, and the impact of stalled economic activity caused by a renewed spread of the novel coronavirus disease in China.」

「During the second quarter of the current consolidated cumulative period, the Japanese economy maintained a moderate recovery trend, although rising prices caused by surging resource prices and the rapid depreciation of the yen raised concerns over deteriorating consumer sentiment and declining real purchasing power. The global economy remained uncertain due to the prolonged crisis in Ukraine and the impact of stalled economic activity under China's zero-COVID policy.」

「The global economy has shown signs of the resumption of economic activity in the United States and Europe, but the outlook remains uncertain due to surging resource prices, the prolonged crisis in Ukraine, and the impact of lockdowns in major Chinese cities under China's zero-COVID policy.」

「The global economy has shown signs of recovery through the gradual reopening of economic activity and the effects of economic stimulus policies as vaccination progresses. However, infections involving the Omicron variant have been increasing in the United States and Europe, causing the economic recovery to stall.」

「The global economy has shown clearer signs of recovery in the United States, Europe and China, supported by the gradual reopening of economic activity following progress in vaccination and the effects of economic stimulus policies. In some regions, however, infections have begun to spread again due to delays in vaccination and breakthrough infections, leaving the outlook uncertain.」

「The global economy has shown clearer signs of recovery in the United States and China, supported by the gradual reopening of economic activity and the effects of economic stimulus measures. In Europe and Southeast Asia, however, new cases of the novel coronavirus disease, particularly cases involving variants, have been increasing, and economic activity restrictions have been prolonged, slowing the pace of economic recovery.」

「The global economy has shown signs of recovery in regions other than China, where recovery is already evident, supported by proactive fiscal policies. However, economic recovery has slowed as the challenges of vaccine distribution and the emergence of variants mean that an end to the novel coronavirus disease remains out of sight.」

「The global economy has also become increasingly uncertain, as a spread of infections believed to constitute a second wave of the novel coronavirus disease has begun and a delay in the economic recovery is expected.」

「During the first quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly due to the impact of the novel coronavirus disease. Personal consumption fell sharply under the impact of requests for business closures and calls for people to refrain from going out to prevent the spread of infection, then began moving toward an early normalization of social and economic activity following the lifting of the state of emergency. However, a second wave of infections is a concern for the recovery ahead. The global economy is also expected to remain extremely challenging, as countries have imposed business closure orders, restrictions on movement and other measures in response to the worldwide pandemic of the novel coronavirus disease.」

「The global economy remained uncertain due to prolonged US-China trade tensions, escalating tensions in the Middle East, and unstable political conditions in Europe. Against this backdrop, the novel coronavirus disease that emerged toward the end of the period spread worldwide, and severe conditions are expected to continue.」

「The global economy remained uncertain, partly due to prolonged US-China trade tensions, escalating tensions in the Middle East, and unstable political conditions in Europe.」

「The global economy remained uncertain, partly due to prolonged US-China trade tensions and unstable political conditions in Europe.」

「The global economy remained uncertain, as US-China trade tensions slowed economic activity and global IT demand declined.」

「The global economy remained uncertain, as US-China trade tensions and concerns over a slowdown in emerging economies contributed to instability in financial markets.」

「The global economy remained uncertain due to US-China trade tensions and concerns over a slowdown in emerging economies.」

「The global economy remained uncertain due to US trade policy and concerns over a slowdown in the economies of China and other emerging countries.」

「The global economy remained uncertain due to US policy developments, geopolitical risks and other factors.」

「The global economy remained uncertain due to US policy developments, geopolitical risks and other factors.」

「During the second quarter of the current consolidated cumulative period, economic conditions became increasingly exposed to geopolitical risks amid instability overseas.」

「During the first quarter of the current consolidated cumulative period, the Japanese economy continued to benefit from improvements in corporate earnings and employment conditions. At the same time, the global economy remained uncertain, amid concerns over a slowdown in China and emerging economies and growing caution regarding political risks in Europe and the United States.」

「The global economy remained uncertain, amid concerns over economic downturns in emerging Asian economies, including China, and resource-rich countries, financial market turmoil following the UK's decision to leave the EU, and the transition to a new US administration.」

「The global economy remained uncertain, amid concerns over economic downturns in emerging Asian economies, including China, and resource-rich countries, as well as financial market turmoil following the UK's decision to leave the EU.」

「The global economy remained uncertain, amid concerns over economic downturns in emerging Asian economies, including China, and resource-rich countries, as well as turmoil in financial markets following the UK's decision to leave the EU.」