Let’s be big enough to accept this economic gift

By Daniel Moss

02 Feb 2023 · 3 min read

Editor's Note

As any central banker knows, turning points are notoriously difficult to call. However, we shouldn’t let that obscure the recent good news for the global economy, writes Bloomberg columnist Dan Moss.

Turning points are always difficult to embrace - if this indeed is one. So let's accept this half-full glass.

After a dour few months marked by a proliferation of recession calls, global economic prospects are improving. From China's unexpectedly quick reopening to optimism that interest rates are close to peaking, there's been a run of good news. Forecasters at the International Monetary Fund, who spent the past year downgrading their numbers, raised their outlook for world growth a smidgen.

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