World Economy Risks Diverging

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(Bloomberg) –The world econ­o­my is on course for its fastest growth in more than a half cen­tu­ry this year, yet dif­fer­ences and defi­cien­cies could hold it back from attain­ing its pre-pan­dem­ic heights any time soon.The U.S. is lead­ing the charge into this week’s semi-annu­al vir­tu­al meet­ing of the Inter­na­tion­al Mon­e­tary Fund, pump­ing out tril­lions of dol­lars of bud­getary stim­u­lus and resum­ing its role as guardian of the glob­al econ­o­my fol­low­ing Pres­i­dent Joe Biden’s defeat of “Amer­i­ca First” Pres­i­dent Don­ald Trump. Fri­day brought news of the biggest month for hir­ing since August.China is doing its part …

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