Thought Of The Week Global Recovery There is more evidence of the global economic bounce-back. U.S economic data released on Thursday showed strong gains in retail spending and unemployment benefits hitting the lowest since the pandemic. The rebound in demand for goods are largely attributable to businesses reopening, increased vaccination rates and a temporary spending boost from the latest round of stimulus checks. As the economy continues to reopen, consumers may steer away from retail spending and move toward travel and services where there is higher pent-up demand, leading to more moderate retail sales. Meanwhile, Chinese economic data also showed strength for the first quarter which puts it on course to join the U.S as twin engines for a global recovery in 2021. Based on a two-year average growth, which removes distortions caused by last year’s lockdowns, China’s GDP rose 5% in the first quarter and consumer spending expanded....