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Signs of a global recovery are encouraging, but don’t pop the champagne yet – Sydney Morning Herald

Surveys of economic activity in the US, Europe and Australia are showing signs of a rebound in the world economy. But they could be deceptive.

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The data released on Tuesday showed an apparent rebound in both manufacturing and service activity in the US, the Eurozone and, most notably, here in Australia.
In the US, the manufacturing sector P…

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