Opinion: Things are looking good for China’s manufacturing output now – but don’t get too excited

The switch from euphoria to despair has been astonishingly swift and we should be suspicious of anyone who expects confidence to come back fast, writes Hamish McRae

s the turning point in sight? We all desperately want it to be, but rationally it is not. Cases and deaths in Europe and America will continue to rise for some weeks yet, and even when they start to fall, it will take a long time for the economic damage to be repaired. In human terms, sadly, there is damage that can never be repaired.

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