The document provides an economic outlook for May 2013, summarizing indicators and forecasts for Europe, the US, and Japan. In Europe, GDP forecasts were lowered again for the EU and Germany. The EU's industrial confidence declined while consumer confidence improved. In the US, GDP forecasts decreased for 2013 but remained stable for 2014. Japan's GDP growth forecasts improved for 2013 and 2014. Overall, the report outlines recent economic indicator trends and forecasts to present the current economic outlook and conditions for major economies in May 2013.