OECD Economic Outlook, May 2021



Global prospects are improving but performance diverges strongly across countries

Economic growth projections have been revised upwards

More jabs, more jobs

Trade pick-up adding to an uneven recovery

What can governments do?

Vaccinate and co-operate

Support people, support businesses

Prepare for a strong and sustainable recovery

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Key resources

OECD Economic Outlook

Volume 2021, Issue 1

(Number 109)

The COVID-19 pandemic continues to cast a long shadow over the world’s economies. The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.

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