News Snapshot:
The Organisation for Economic Co-operation and Development (OECD) has released its latest Economic Outlook, which suggests that it will be no sooner than end of 2021 that the global GDP reaches the pre-pandemic levels. The way global and local economies will behave depends on various factors, including the speed of Covid-19 vaccination rollout and the tenacity of health and financial policies. If implemented effectively, these factors will lift global GDP by 4.2% in 2021 after a fall of 4.2% this year. The bounce-back, according to the report, will be strongest in Asia. A graph proposing GDP projections for various nations...
