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But the medium-term outlook remains weak, weighed down by the legacies of insufficient demand, lagging productivity, and weak bank and corporate balance sheets.
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It's not just that the world economy will be weak, weighing on Japan's exports.
Europe's weak economy weighed particularly on Deutsche Bank's investment banking unit, as customers activity in the financial markets slumped.
The rise in oil prices helped push America's imports to a record $199.5 billion in October, even as the weaker dollar weighed on demand for other imported goods.
With a weak recovery weighing on tax receipts, a sure way to bolster the program would be more public investment to create jobs and foster demand.
The figures "should put at rest any remaining doubt about China escaping a hard landing," he added, referring to widespread fears last year that China could slow down sharply as the global turmoil, feeble domestic demand and a weak property market weighed on growth.
Sharply higher energy prices and absolutely awful winter weather aggravated a weak economy, which weighed on financial markets.
The stock market fell on Thursday after Oracle's weak sales results weighed down big technology companies.
The weak economy also weighed on results, as demand for transporting trucks through the tunnel shrank by about 20 percent.
A weak housing market weighed on the US economy, while the fear of Ebola put some brief pressure on the stock markets, the Fed found.
The weak economy also weighed on results, as demand for transporting trucks through the tunnel fell about 20 percent from 2007, the last comparable year.
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