At last, signs that the global economy is picking up steam

The late, great Tom Petty wrote: “I’m learning to fly, but I ain’t got wings, Coming down is the hardest thing, Well the good ol’ days may not return… What goes up must come down.”

His lyrics could be applied to the deep recession of 2008 to 2009 and the very anemic recovery of the world economy that followed in this decade.

Many commentators believe the slow recovery is pay-back for the strong, credit-fuelled growth that occurred in the lead up to the economic crash in 2008.