OECD cuts world growth forecast, says vaccination 'top' priority
The global economy is now expected to expand by 5.6 percent this year, down from an earlier forecast of 5.7 percent, the OECD said in its updated economic outlook released as the Omicron variant has sparked concerns about its impact on the recovery.
- Economy
- AFP
- Published Date: 01:49 | 01 December 2021
- Modified Date: 01:49 | 01 December 2021
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 percent this year, down from an earlier forecast of 5.7 percent, the OECD said in its updated economic outlook released as the Omicron variant has sparked concerns about its impact on the recovery.
- Erdoğan vows to never submit Turkey's economic future to IMF
- Facebook, Instagram remove Chinese network over fake 'Swiss biologist' COVID claims
- NATO views economic sanctions an option to counter Russia
- Australia to launch parliamentary probe into tech giants
- Foreign buyers see Turkey as strong alternative supplier to China