Thanks to a $US1.9 trillion ($2.5 trillion) stimulus package and accelerating vaccinations, prospects for a heavily caffeinated US recovery are boosting growth projections around the world. For some important emerging markets, however, this economic comeback might be too much of a good thing.

Global gross domestic product will expand 5.6 per cent this year, the Organisation for Economic Co-operation and Development recently predicted, more than a percentage point higher than in its December estimate.

Bloomberg