Global economy

Global prospects are improving but performance diverges strongly across countries

31/05/2021 PNG

Prospects for the world economy have brightened but this is no ordinary recovery. It is likely to remain uneven and dependent on the effectiveness of vaccination programmes and public health policies.

Some countries are recovering much faster than others. Korea and the United States are reaching pre-pandemic per capita income levels after about 18 months. Much of Europe is expected to take nearly three years to recover. In Mexico and South Africa, it could take between 3 and 5 years.

More information at OECD Economic Outlook