Monthly Overview

25 March 2021

The OECD has released its latest economic outlook. Global GDP growth is now projected to be 5,6% this year, an upward revision of more than 1 percentage point from the December projections. World output is expected to reach pre-pandemic levels by mid-2021.
The scale of the response is important - the US has provided since December 2020 more fiscal support to its economy than the Euro Area has done since the start of the pandemic.

Click here to read our economic monthly overview.