The global economy is on track to return to pre-pandemic levels by mid-year thanks to the $ 1.9 trillion stimulus package that will boost US growth by 3 percentage points this year, the Organization for economic cooperation and development said on Tuesday.
Global GDP growth is now expected to be 5.6% this year, more than 1 percentage point above the December forecast by the OECD, thanks to the introduction of the COVID-19 vaccine and the US economy. The world economy will grow by 4% in 2022.
The US economy would grow by 6.5% this year, China by 7.8% and the euro zone by 3.9%.
“However, vaccination faster and more effectively around the world is vital,” warns the OECD. “More bumps, more jobs,” it adds.
The organization also notes that “there is increasing evidence of differences between countries and sectors” and that “the resources needed to deliver vaccines to lower-income countries compared with the gains of a stronger and faster recovery in the World economy are low “.
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