Evidence is piling up that a global economic recovery is coming faster than economists predicted only a few months ago. A survey of U.S. purchasing managers indicates expanding factory output for the first time since January 2008. Growing manufacturing activity in Asia and Europe provides further evidence of a significant upturn. "We had been looking for improvement, but the speed at which it's come and the magnitude with which it has come is surprising," said Bruce Kasman, an economist at JPMorgan Chase.
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