Covid-19 vaccines and stimulus plans will aid global growth, says OECD
by Larry Elliott from on (#5F3QK)
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.
Related: US economy looks set for Covid recovery - but we need inclusive growth
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