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US Commerce Department data showed fourth quarter growth of 2.6 per cent

Managing Director of the International Monetary Fund (IMF) Christine Lagarde arrives for a G7 summit of Finance Ministers on May 12, 2017 in Bari. / AFP PHOTO / Filippo MONTEFORTE

The global elites have rediscovered their animal spirits.

As the World Economic Forum drew to a close in the Swiss ski resort, the overarching mood of the executives, policy makers and investors was that their economies are in fine shape and that stock markets have every reason to extend their run.

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