Read more about Forecast: Global economy rebounding, but faces multiple threats on Business Standard. The OECD said that relief and stimulus measures in the more developed world had done much to get the economy through the pandemic recession and back on the path of growth.
After contracting sharply in 2020, Czech GDP is projected to recover by 3.3 percent this year and 4.9 percent in 2022, the Paris-based Organisation for Economic Co-operation and Development (OECD) said in its latest economic snapshot.
The country has had a high Covid-19 infection and death rate and progress in vaccinations has been relatively slow, but recovery should gather pace in the second half of 2021, the OECD said, once the population is more extensively vaccinated.
A rebound in services and boosting of private consumption and investment should be accompanied by higher inflation due to rising food and fuel prices. Unemployment, already low, will start to decline, the OECD said
The global economy is set to grow at its fastest pace in almost half a century this year, boosted by aggressive vaccination programs and the U.S. government's latest fiscal stimulus package, the Organization for Economic Cooperation and Development said Monday.
Forecast: Global economy rebounding, faces multiple threats
The Organization for Economic Cooperation and Development said there will be a strong rebound this year and raised its forecast. Author: DAVID McHUGH AP Business Writer Published: 7:01 AM CDT May 31, 2021 Updated: 7:01 AM CDT May 31, 2021
FRANKFURT, Germany The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds. Most worrisome: the lack of vaccines in poorer nations, which could lead to new virus variants and more stop-and-go lockdowns.
Those were key points from the latest economic outlook published Monday by the Paris-based Organization for Economic Cooperation and Development.
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Monday, May 31, 2021 9:20 am
Forecast: Global economy rebounding, faces multiple threats
DAVID McHUGH | Associated Press
FRANKFURT, Germany – The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds. Most worrisome: the lack of vaccines in poorer nations, which could lead to new virus variants and more stop-and-go lockdowns.
Those were key points from the latest economic outlook published Monday by the Paris-based Organization for Economic Cooperation and Development.