PARIS, May 31 — The OECD raised its 2021 global GDP growth forecast today but warned that “too many headwinds persist” as not enough Covid vaccines are reaching emerging economies, making the world vulnerable to variants.
“It is with some relief that we can see the economic outlook brightening, but with some discomfort that it is doing so in a very uneven way,” OECD chief Laurence Boone said in the report. “Never in a crisis has policy support—be it health, with the record speed of vaccine development, monetary, fiscal or financial—been so swift and effective,” Boone said.Boone said it was “very disturbing” that not enough vaccines were reaching emerging and low-income economies.
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