As for the short-term prospects, an increase in exports and the near completion of inventory adjustment were expected to bring about a recovery of the economy.
こうした輸出の増加や在庫調整の一巡を反映して、鉱工業生産は持ち直している。
Industrial production is picking up, reflecting the increase in exports and completion of inventory adjustment.
アイルランド、スペイン、ポルトガルでは調整の大部分が輸出の増加によるものだった。
In Ireland, Spain and Portugal,the largest part of the adjustment has come from an increase in exports.
図2:PTA締結国向けと非締結国向けの輸出の増加(2002-2011年)。
Figure 2 Export growth to PTA and non-PTA destinations, 2002-2011.
こうした動きが先進工業国から産油国への資本財輸出の増加等を通じて世界経済を押し上げています。
These developments have, in turn, led to increased exports of capital goods from industrialized countries to oil producing countries, helping boost the global economy as a whole.
Yet, the pace of deterioration has recently somewhat moderated,with production starting to pick up reflecting an increase in exports and the progress of inventory adjustment against the backdrop of a recovery in overseas economies.
Many members commented that corporate profits were improving,reflecting an increase in exports and a pick-up in production. On the other hand, summer bonus payments were expected to decrease considerably.
In the euro area,the economy had bottomed out due mainly to an increase in exports, and the real GDP growth rate for the April-June quarter increased for the second consecutive quarter.
Other emerging economies and commodity-exporting economies have been recovering moderately on the whole,reflecting in particular an increase in exports and the effects of those economies' stimulus measures.
The pace of deterioration in Japan's economy has moderated,with production starting to pick up reflecting the increase in exports and progress in inventory adjustment.
Nevertheless, the economy is expected to continue expanding,supported by the increase in exports on the back of the growth in overseas economies, and the median of the real GDP growth rate for fiscal 2019 is 0.7 percent.
年1月に発効した日豪経済連携協定(EPA)では一年目において、様々な商品輸出の増加が見られた。
The first year of the Japan-Australia Economic Partnership Agreement, which entered into force in January 2015,has seen an increase in exports of a range of products.
In the case of Japan, since it was mainly the corporate sector that had to make balance-sheet adjustments, progress in the adjustmentprocess for the economy overall was achieved through an increase in exports owing to high global economic growth.
This was clearly an indication of the upward export trend and in 2011 the export has reached 75% from the sales and the 25% sales on the domestic market was more than the 80% in the 1999.
Cambodia Chamber of Commerce vice-president Lim Heng attributed thegrowth in exports to the risein the number of investors in the sector over the last few years.
Over time, the ZIRP, rising exports, fiscal stimulus and investment in IT related areas have produced a slow recovery from perhaps the most serious recession in the post war period.
As for the outlook, Japan's economy is expected to return to a moderate recovery path with production regaining traction,backed by an increase in exports and a rise in demand for restoring capital stock.
Final demand overall was still weak. However, production appeared to have stopped declining,reflecting the increase in exports and the progress in inventory adjustment.
The recovery trend is expected to continue against the background of increasing exports, especially to emerging economies, and the accommodative financial environment.
One member noted that the degree of recovery in global IT-related demand needed to beexamined closely to assess the future pace of increase in exports, because exports of IT-related goods had been weak.
Japanese major exporting firms' continued efforts to increase production and procurement on a globalbasis could contribute to restraining the pace of increase in exports.
Finally, the 2017 regional account balance is expected to remain similar to that of 2016, around -1.9 per cent of GDP,although with improved trade and an increase in exports, which is forecast at 8 per cent for the entire year.
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