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Container cranes on the Elbe: "Effective vaccines and the announcement of additional financial aid"
Photo: JuNiArt / imago images
Despite the corona crisis and unemployment: According to the Organization for Economic Cooperation and Development (OECD), the global economy could reach the level it was before the pandemic in just a few months.
The
global gross domestic product
will
grow
by
5.6 percent
in 2021, driven by the USA and China
.
"Global economic output will rise above the pre-pandemic level in mid-2021," said chief economist Laurence Boone.
The union of the industrialized countries is thus much more optimistic than in December: At that time it had only predicted an increase of 4.2 percent.
The forecast has also been raised for 2022: from 3.7 to four percent.
Last year there was still a slump of 3.4 percent.
One of the reasons for the improved outlook is the increasingly widespread use of vaccines: "The global economic outlook has improved significantly in recent months, supported by the gradual use of effective vaccines," said Boone.
Additional government corona aid packages in some countries would also support the economy.
In addition, many nations are coping better with the measures taken to contain the virus.
Big hopes in the US
The OECD raised its forecast for the
USA
particularly sharply
.
There should be growth of
6.5 percent
this year
.
So far, only 3.2 percent has been assumed.
Here, too, the rapid distribution of the vaccines and the Corona aid are responsible for the good prospects.
US President Joe Biden wants to get the economy going with a $ 1.9 trillion package.
For
China
, the industrialized country organization expects an increase of
7.8 percent
this year, a
little less than in December.
The
OECD also slightly raised its forecasts
for
Germany
.
Europe's largest economy is expected to
grow
by
3 percent
this year, and
then by 3.7 percent in 2022.
The experts are thus far more optimistic about the situation than they were in autumn.
Things should also look up in 2022
The upward trend is expected to continue in 2022, when the entire
euro zone
is likely to grow faster.
The OECD is expecting an increase of
3.8 percent there
.
At the same time, however, it warns of considerable risks.
If the global vaccination campaign advances too slowly and new virus mutations emerge that are resistant to existing vaccines, this would lead to less growth, higher job losses and more company bankruptcies.
The OECD comprises 37 member countries.
These include most of the EU countries as well as the USA, Turkey and Japan.
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rai / Reuters / dpa / AFP
