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The global economy—let’s make hay while the sun shines

The good news won’t last forever

By George Magnus  

Last month, the manufacturing PMI survey was at its highest since 2011 ©Matt Crossick/Matt Crossick/Empics Entertainment

This week, the Economist’s cover line was “On the up,” referring to coverage of a synchronised upturn in global growth. The main story here—which has been echoed by commentators around the world—is quite important. For the first time since the synchronised economic bounce-back after the 2008-09 recession, the global economy is firing on most, if not all cylinders.

So does this mean that everything’s fine? Not quite. But let’s start with the good news,…

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