Covid-19 vaccines and stimulus plans will aid global growth, says OECD

Posted by on March 9, 2021 6:34 am
Categories: Global Stories

Thinktank upgrades forecasts for world economy, with US expected to drive recovery

The west’s leading economic thinktank has sharply upgraded its forecasts for global growth this year as a result of successful vaccine programmes and fresh stimulus packages to combat Covid-19.

In an interim outlook, the Paris-based Organisation for Economic Co-operation and Development said it expected the world economy to expand by 5.6% this year – up from 4.2% three months ago – and to recover the ground lost since the start of the pandemic by the middle of the year.

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