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A flurry of consumer spending helped the U.S. economy gain more altitude at the start of the year, in contrast to Europe where the pandemic is keeping a recovery grounded.
In Japan, manufacturing remains robust even amid headwinds that include a global chip shortage and the government’s coronavirus countermeasures.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
A key measure of U.S. demand in the government’s initial estimate of first quarter gross domestic product — final sales to private domestic purchasers — registered the second-strongest pace of growth since the 1980s. Against a backdrop of leaner inventories, the annualized 10.6% jump…