Tue, 21-Oct-2025

OECD lowers world GDP forecast; terms vaccination key

Budget 2021-22 GDP growth rate set

PARIS: The OECD lowered the world’s economic growth outlook for 2021 on Wednesday and called for a swifter rollout of Covid vaccines, fearing the emergence of “breeding grounds” for deadlier strains. The global economy is now expected to expand by 5.6 per cent this year, down from an earlier forecast of 5.7 per cent, the … Read more