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The new fault lines on which the world economy rests



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THE PANDEMIC caused a fearsome economic slump, but now a weird, exhilarating boom is in full swing. The oil price has soared, while restaurants and haulage firms are having to fight and flatter to recruit staff. As listed firms signal that profits will hit an all-time high this year, stockmarkets are on a tear. An index produced by JPMorgan Chase and IHS Markit suggests that global growth is at its highest since the exuberant days of 2006.Listen to this storyYour browser does not support the element.Enjoy more audio and podcasts on iOS or Android.Any escape from covid-19 is …

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