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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 p...

(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 s...

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. But while the US is bouncing, France, Germany, Italy, the UK, and Japan are contracting. In the emerging markets, Brazil, Russia, and India are all being clearly outpaced by China.

Haunted by 2008, China and U.S. diverge on stimulus plans Christopher Anstey, Enda Curran and Rich Miller, Bloomberg News Yuan Is Long-Term Appreciation Story: AllianceBernstein VIDEO SIGN OUT The U.S. and China are pursuing divergent economic policies in the aftermath of the coronavirus recession in a role reversal from last time the world economy was recovering from a shock. One of the takeaways from the annual National People’s Congress under way in Beijing is a conservative growth goal, with a tighter fiscal-deficit target and restrained monetary settings. That’s a big...

A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending.