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BUSINESS NEWS
The Organisation for Economic Cooperation and Development (OECD) says the global economy is projected to grow at 5.5 per cent this year and four per cent next year, raising hopes of faster recovery from the disruption of Covid-19 than earlier expected.
“Prospects have improved markedly in recent months, helped by the gradual deployment of effective vaccines, announcements of additional fiscal support in some countries and signs that economies are coping better with measures to suppress the virus,” said the OECD in a report published this month.
The report says India is expected to record the highest growth this year at 12.6 per cent, followed by China and the United States at 7.8 per cent and 6.5 per cent respectively.