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Oecd The need for speed: faster vaccine rollout critical to stronger recovery

A global economic recovery is in sight but a faster and more effective vaccination rollout across the world is critical, while respecting necessary health and social distancing measures, according to the OECD’s latest Interim Economic Outlook. Activity in many sectors has picked up and adapted to pandemic restrictions over recent months. Vaccine deployment, although uneven, is finally gaining momentum and government fiscal stimulus – particularly in the US – is likely to provide a major boost to economic activity. But the pandemic is widening gaps in economic performance between countries and between sectors, increasing social inequalities, particularly affecting vulnerable groups, and risking long-term damage to job prospects and living standards for many people.

The need for speed: faster vaccine rollout critical to stronger recovery | Hellenic Shipping News Worldwide

A global economic recovery is in sight but a faster and more effective vaccination rollout across the world is critical, while respecting necessary health and social distancing measures, according to the OECD’s latest Interim Economic Outlook. Activity in many sectors has picked up and adapted to pandemic restrictions over recent months. Vaccine deployment, although uneven, .

World Economy to Return to Pre-Pandemic Output in 2021 (infographic)

World Economy to Return to Pre-Pandemic Output in 2021 (infographic)
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OECD raises 2021 global growth forecast to 5 6 pct

1 2021-03-10 09:38:08Xinhua Editor : Li Yan ECNS App Download Aerial photo shows a China-Europe freight train bound for Helsinki, Finland departing from Putian Station of Zhengzhou, central China s Henan Province, Nov. 20, 2020. (Xinhua/Hao Yuan) Global gross domestic product (GDP) will grow at 5.6 percent this year if vaccination rollout is fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD) said Tuesday in its Interim Economic Outlook. The forecast was 1.4 percentage points higher than the Paris-based organization s December prediction. In its Interim Economic Outlook, the OECD predicted world output is expected to reach pre-pandemic levels by mid-2021 and the world economy is expected to grow by 4 percent in 2022 after a 5.6-percent growth in 2021.

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