The global economy is projected to grow at a faster pace than earlier anticipated, according to the latest OECD Economic Outlook. The organization now forecasts a stronger recovery, driven by effective vaccine rollouts and substantial fiscal support measures implemented by various governments.

Uneven Recovery

Despite the positive outlook, the OECD emphasizes that the recovery will be uneven, with significant disparities across countries and sectors. Nations with rapid vaccination programs and robust policy support are expected to rebound more quickly, while others may lag behind.

Key Factors Influencing Growth

• Vaccine Deployment: The speed and effectiveness of vaccine distribution are critical determinants of economic recovery.
• Fiscal Support: Government spending and stimulus packages play a vital role in boosting demand and supporting businesses.
• Global Trade: A rebound in international trade is expected to contribute to overall economic growth.

The OECD urges policymakers to maintain supportive policies and ensure equitable access to vaccines to foster a more balanced and sustainable global recovery.