Sorry, Brexit doomsayers, the outlook is good on global growth
Anyone who voted to stay in the EU should turn away now. There is disturbing news from far-off continents that could prove upsetting. The news is that Britain's negotiations to leave the EU will take place against the backdrop of strong global growth. Such is the magnitude of this turnaround from the wobbles of 2015 that it could save the Tory administration from the inevitable cuts or extra borrowing that would follow a stagnating economy.
We are not talking about a Trump-inspired dash for growth, although the US president is part of the story. The underpinnings for a year of high employment and solid wage growth across the globe are survey figures showing the largest improvement in worldwide manufacturing business conditions for more than five-and-a-half years.
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