World economy will expand by 5.8% this year: OECD

The Organisation for Economic Co-operation and Development has raised its 2021 global GDP growth forecast but warned that "too many headwinds persist" as not enough Covid vaccines are reaching emerging economies, making the world vulnerable to variants. The world economy will expand by 5.8 percent this year, up from a previous estimate of 5.6 percent, the Paris-based Organisation for Economic Co-operation and Development said in a report. In a report, OECD chief Laurence Boone ...