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Even if Improvement in the Economy Continues, the Pace Will Be Slow
(1)Current State of the Economy: Rapid Growth at the end of Fiscal 2013 Because of the Surge in Demand
(2)A Recession Can Be Avoided, but the Risk of a Downturn Remains
(3)Outlook for Fiscal 2014 and Fiscal 2015: Contribution of External Demand Will Be Marginal, and the Overall Pace of Recovery Will Continue to Be Moderate
(4)Trends in Overseas Economies