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We are witnessing a repetition of this cycle as the global economy recovers faster than nearly anyone expected. The best brains in the world, the same ones who missed the crash in the first place, were also caught off guard by the economic upturn. Pessimists still worry that the recovery will be short-lived and that another dip is inevitable. Yet, while they worry, the world’s largest economies are growing faster and sooner than anyone had expected. Stock markets have also rebounded more quickly than anyone had predicted.
Moises Naim