June 19, 2021

World economic recovery likely to remain uneven: OECD

Prospects for the world economy have brightened but the recovery is likely to remain uneven and, crucially, dependent on the effectiveness of public health measures and policy support, according to the OECD’s latest Economic Outlook. Economic recovery will be modest in many emerging-market economies where access to vaccines are limited, the report states.

“In many advanced economies more and more people are being vaccinated, government stimulus is helping to boost demand and businesses are adapting better to the restrictions to stop the spread of the virus. But elsewhere, including in many emerging-market economies where access to vaccines as well as the scope for government support are limited, the economic recovery will be modest,” OECD’s report said.

The OECD has revised up its growth projections across the world’s major economies since its last full Economic Outlook in…

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