Coronavirus BRIEFING

OECD Lifts Global Economic Outlook on Vaccine Progress, Sees China Driving Recovery

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"For the first time since the pandemic began, there is now hope for a brighter future. The worst has been avoided, most of the economic fabric has been preserved and could revive quickly, but the situation remains precarious for many vulnerable people, firms and countries."

The Organization for Economic Cooperation and Development (OECD), in a statement this week in which the organization said it expects the global economy to build momentum over the coming two years, with real GDP growth projected to reach pre-pandemic levels by the end of 2021, as reported by CNBC.