It’s tempting to take the recent rebound in business confidence and activity measures as a sign that the global economy is well on track to make up for its coronavirus-induced losses -- except it’s misleading evidence. Here are some of the charts that appeared on Bloomberg this week, offering insight into the real state of the global economy: Purchasing managers’ indexes from Asia, Europe and the U.S. are among indicators that have recorded impressive gains that look just like the V-shaped recovery many once spoke about. But that short-term rebound doesn’t say much about the more important medium-term outlook. On top ... (full story)