OECD warns over ending stimulus policies despite inflation pressures

Top economic thinktank says recovery from the Covid-induced recession is not yet complete

The west's leading economic thinktank has warned governments and central banks against an over-hasty withdrawal of support for growth amid concerns that recovery from the pandemic-induced recession is incomplete.

The Paris-based Organisation for Economic Co-operation and Development (OECD) said a continuation of the stimulus policies of the past 18 months was justified because the recent pickup in inflation was likely to prove temporary.