The latest official data from the global economy is pointing to a superficially robust recovery in the wake of the first stages of economic reopening in North America and Asia Pacific. In simple language, the global economy is roaring back to health.  US Federal Reserve’s GDPNow leading growth indicator is currently pointing to third-quarter 2020 growth print of, hold your breath, 30.8 per cent on an annualised basis, or 6.9 per cent quarter-on-quarter. This would put US growth at historical levels and well above the previous high of 16.7 per cent (annualised) set in the first quarter of 1950. Which…

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