OECD optimistic about effects of Covid vaccines on global economic recovery
OECD optimistic about effects of anti-Covid vaccines on global economic recovery.
Daniel ROLAND AFP / File
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The organization for cooperation and economic development forecasts a rebound in growth for 2021. But it is worried on the other hand about the consequences of the health crisis on unemployment and SMEs.
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The latest news on the vaccine front sparks optimism from the OECD.
American laboratories hope to start distributing their vaccines by the end of the month.
The organization thus forecasts a 4.2% rebound in the global economy in 2021.
But according to her, this recovery remains sluggish in the short term because of the restrictive measures put in place in several countries and the logistical challenges to be met before the distribution of a large-scale vaccine.
According to the OECD, you will have to live with the virus for another 6 to 9 months.
The situation will be especially complicated for young people, hit by massive unemployment and for millions of SMEs, according to the OECD.
Small and medium-sized enterprises are in fact heavily indebted because of the health crisis and thus risk cascading bankruptcies.
Consequently, the Paris-based organization calls on governments to continue or even expand the aid plans put in place to support the economy.
Read also: In the spotlight: vaccine instructions
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