Economics Weekly

The global economy is recovering strongly: consensus growth forecasts continue to be revised up and discussions about a $2trn US infrastructure spending bill is supporting sentiment about the growth outlook... 

But the key question is whether ‘peak optimism’ has been reached. 

Clearly the strength of the economic rebound will fade later this year, but this cycle looks different to the last (demographics, productivity, policy) so is there scope to exit secular stagnation?