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Despite coronavirus vaccines and stronger economic data, investors should not be celebrating a global recovery yet

Anyone looking for evidence that the performance of the global economy has improved since the announcement in November last year of a breakthrough in the race to develop a vaccine against Covid-19 can easily find it. The publication on April 1 of a gauge of global manufacturing output showed that activity continued to expand last month, rising to its highest level in a decade.On Tuesday, the International Monetary Fund provided further confirmation that the prospects for the world economy have…

Read the original article at South China Morning Post

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