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