The Organization for Economic Co-operation and Development (OECD) revised its global economic growth forecast for 2021, projecting a 5.8% growth rate. This is an increase from their previous forecast of 4.2% growth.
The OECD attributed the revised forecast to the successful vaccine rollout in many countries and the significant fiscal stimulus packages implemented to support economies during the pandemic. However, the organization cautioned that the pace of recovery is uneven across countries and sectors, with disparities in vaccination rates and policy responses posing a challenge to the global economic outlook.
The OECD also highlighted the need for continued policy support to ensure a sustainable and inclusive recovery, pointing to the importance of addressing income inequality, climate change, and digital transformation in shaping the post-pandemic economic landscape.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
