Global GDP to surpass pre-pandemic level by mid-2021, OECD says

Vaccine hopes prompt upward revision of projection to 5.6% growth this year

Commuters walk on a railway platform Mumbai, India. The OECD projects that the country will record the fastest growth in the world this year. © Reuters

GRACE LI, Nikkei staff writer

March 9, 2021 20:17 JST

TOKYO -- The global economy will grow to be bigger than its pre-pandemic level by the middle of this year, the OECD projected in an update of its outlook on Tuesday.

Vaccine rollouts and fiscal policy support in recent months prompted the Organisation for Economic Co-operation and Development to raise its projections for the world economy.