global economy: Charting the global economy: Recovery in China gathers pace

China’s recovery gained traction in March, showing the world’s second-largest economy is strengthening after stringent pandemic restrictions were dropped and Covid infection waves eased.

In Europe, inflation excluding food and energy costs hit a record last month, reinforcing calls from several European Central Bank officials that more interest-rate increases are needed. In the US, however, core price pressures eased in February by more than forecast, which may allow the Federal Reserve to pause rate hikes soon.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

BloombergChina’s economic recovery gathered pace in March, with gauges for manufacturing, services and construction activity remaining strong, boosting the outlook for growth this year.
BloombergSouth Korea’s construction deals fell by a record margin in the fourth…

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