The global economy has indeed begun to show signs of recovery. The International Monetary Fund (IMF) that the global economic growth rate will reach 2.9% in 2024, demonstrating a steady upward trend. With the effective of the pandemic, economic activities in various countries are gradually returning to normal, and the global supply chain is also gradually being repaired. Industries such as the service sector and manufacturing industry, which experienced severe impacts during the pandemic, are beginning to recover gradually. Especially in industries heavily affected by the pandemic, such as tourism and catering, and in manufacturing with increasing production capacity and order volume. Emerging markets and developing economies are playing an increasingly important role in the global economic recovery, and it is expected that their economic growth rates will be higher than those of developed economies, becoming an important driving force behind the global economic recovery.

In addition, data released by the China Federation of Logistics and Purchasing shows that the global manufacturing Purchasing Managers' Index (PMI) reached 50.3% in March, ending a 17-month trend of running below 50% and returning to the expansion zone. This data indicates that global manufacturing is accelerating its recovery, driving sustained economic recovery. Looking at different regions, the manufacturing PMIs of Asia, the Americas, and Europe have all rebounded, with China and the United States contributing significantly to the stable and upward trend of the global economy.

However, the global economic recovery still faces uncertainties, including supply chain issues, inflationary pressures, and debt risks. Different countries are adopting various strategies to address these issues, such as implementing loose monetary and fiscal policies, strengthening infrastructure construction, promoting industrial upgrading, and enhancing innovation capabilities to enhance the intrinsic growth momentum of the economy.

In conclusion, the trend of global economic recovery is positive, but there are still many challenges and uncertainties in the recovery process.