Turning points are always difficult to embrace - if this indeed is one. So let's accept this half-full glass.
After a dour few months marked by a proliferation of recession calls, global economic prospects are improving. From China's unexpectedly quick reopening to optimism that interest rates are close to peaking, there's been a run of good news. Forecasters at the International Monetary Fund, who spent the past year downgrading their numbers, raised their outlook for world growth a smidgen.